This 30m chart of ADBE shows a nice 5 wave impulse higher with alternation between the corrective waves. It's possible that we're now seeing an ending diagonal in wave 5. Initiating a short position at 239 with an immediate profit target of 229, and an extension even lower. A move above the most recent high invalidates the setup. Trying to pick the top, so this is just a quick 2:1 reward to risk trade on a small position size.
Trade geschlossen: Stop wurde erreicht:
Stopped out on continued strength.