The post Adobe selloff deepens as wave five decline unfolds appeared on BitcoinEthereumNews.com.

Adobe is selling off aggressively after breaking out of a triangle formation, and price is now in a fifth wave decline, approaching the 240 triangle measurement target; the first area to watch for potential stabilization. However, there is no confirmed low in place until we see an impulsive rebound, possibly back above 311. But a meaningful recovery could still develop later this year, but given the strong bearish momentum, we cannot rule out a retest of the 205 level; its the 2019 low. So this whole 205–230 zone will be very important for this year. On the higher degree chart, wave C appears to be in its late stages, which increases the probability that this corrective cycle could come to an end within that support region. Highlights: Wave five decline in progress after triangle breakdown. 240 is first stabilization area based on triangle target. 205–230 is key higher degree support zone. Need an impulsive rebound to confirm a durable low. Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here. Source: https://www.fxstreet.com/news/adobe-selloff-deepens-as-wave-five-decline-unfolds-202603040840

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Filed under: News - @ March 4, 2026 9:26 am