Forex - Adobe Wave Analysis - May 19, 2025

Adobe: ⬆ Buy - Adobe breaks resistance zone - likely to rise to 440.00 resistance. Adobe recently broke the resistance zone between the 403.60 resistance level (which halted the previous minor corrective wave) and the 50% Fibonacci retracement of the February bearish defense. This resistance zone breakout continues the active minor impulse wave (III) of wave C from mid-April. Adobe is expected to rise to the next resistance level of 440.00, the target price for completing the active impulse wave (III).

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