$ADBE - RC -
Added 2024-02-20 11:19:33 +0000 UTC$ADBE had a difficult day on Friday, wiping $20 Billion from its Market Cap as it could not hold its 200 Day MA and the share price sank.
The only addition to this chart is the correct wave and amber Fib levels.
We can see that the price action has gone above the 2 Fib already for Wave 5 and it was reaching for the top limits of Wave 5 at the 2.618 Fib and has not made it there.
Earnings are due out on the 14th of March, the bulls will need something extraordinary to turn this around but right now, I believe the pull back has started unless a recovery can happen immediately.
