Adobe Trading Analysis (31/01/2025)

The trend is descending. The stock is trading in a range between 365 and 135 ЕМАs. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trade idea:

• Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.
• Stop-loss at 448.45.
• Price targets at 431.20 and 406.50.

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