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ADBE – Long – Position
Big Picture (HTF):
On the higher timeframe, 278–318 is the key demand zone that mattered. This was the area that originally drove price up into the 604–675 supply zone, where sellers took control and the larger selloff started. That gives this demand zone real weight from a cause-and-effect standpoint.
Price has since retraced all the way back into that 278–318 demand, and from there we’re starting to see buyers respond again.
What Changed Recently:
After tapping into HTF demand, price formed new demand at 315–343, with 338 acting as the key level inside that zone. This tells me buyers are starting to defend higher prices rather than letting price slide back into the lows.
What I’m Watching:If price retraces back into the 315–343 area, that’s where I’m interested in adding to my position trade, as long as price continues to respect structure and buyers show up.
What’s Above Price:
- 432–453 supply (key level 442)
- 504–557 supply (key level 537)
Near-term supply has already been mitigated, so I’m not expecting a lot of immediate resistance if buyers stay in control and momentum continues.
Plan:
This remains a position-style long. I’m not chasing strength — I’m waiting for price to come back into demand and then evaluating adds based on how price behaves.
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ADBE – Long – Position
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