The Bearish Flag is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation if preceding move was down.
A clear signal has emerged for Adobe Inc. (ADBE) on the daily chart. Currently at $235.72, the asset is showing downward momentum (-1.83%). Price action has carved out a classic Bearish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $224.13, targeting $141.96 with support near $247.44 (R:R 3.53).
What is your outlook on ADBE?