Trading news

ADOBE – prognosis via Dow Theory

Weekly chart:

After the trend break at $ 78.94, the price drew directly back up and generated a new high at $ 95.56. But unfortunately, due to this trend break, there is now no active trend present. This is why the sidelines are the better alternative here.

Chart1

Daily chart:

In this trend size, a nice short trade is currently presenting itself. After the last point two at $ 82.70, the price went directly back into its last correction zone (red rectangle) and now seems to want to carry on with its downtrend once more. With a stop above the red correction zone, one could speculate on a continuation of the downtrend.

Chart2

Hourly chart:

Since the daily chart is also showing a downtrend, our DowHow setup is reflected in the hourly chart. Here, too, there is an intact downtrend and the price is coming from deep within its correction zone. With a stop above the red correction zone, one can also speculate on a continuation of the downtrend in this trend size.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Friday, 05 Feb, 2016 / 9:59

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