Adobe (ADBE) Elliott Wave forecast signals one more push lower before a multi-year rally

Elliott Wave Forecast Team ElliottWave-Forecast.com

Adobe Inc. (ADBE) operates as a technology company worldwide. The Digital Media segment offer products & services to individuals, teams & enterprises to create, publish & promote content. It comes under Technology sector in Software-Application & trades as “ADBE” ticker at Nasdaq.

ADBE ended ((I)) impulse at $699.54 high since inception in weekly & favors pullback in ((II)). It already reached the blue box area, but favors downside in V of (c) first against $294.53 high. Investors should remain long from blue box area for multi-year rally or 3 swings bounce against 2021 high.

ADBE – Elliott Wave latest weekly view

In yearly, it ended ((I)) at $699.54 high in November-2021. Below there, it favors ((II)) pullback in 3 swings correction. It placed (a) of ((II)) at $274.73 low in September-2022 & (b) at $638.25 high in January-2024. Within (a) down, it ended I at $604.30 low, II at $675.21 high, III at $338 low, IV at $451.15 high & V at $274.73 low. It ended a of (b) at $402.49 high, b at $318.60 low & extended c at $638.25 high. Below (b) high, it placed I at $433.97 low, II at $587.75 high & favors downside in III of (c). It ended ((1)) of III at $332.01 low, ((2)) at $422.95 high, ((3)) at $224.13 low, ((4)) at $275.44 high & ((5)) at $190.12 low.

ADBE – Elliott Wave view from 4.06.2026

It ended IV of (c) at $294.53 high & favors final push lower in weekly zigzag correction. It expects V to unfold in 5 or 9 swings lower towards $165.65 – $125.74 area to finish the ((II)) pullback. Short term, it appears ended ((1)) of V at $224.67 low & favors bounce in ((2)), which fail below $294.53 to extend lower. We like to remain long from blue box area for next rally in weekly.

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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