Swing Trading Strategies & Stock Picks Since 2003

Charts are provided by E-Signal.

As promised, here is the intra-day set up on Adobe that I think has a good probability for completion.

I will elaborate futher as time goes on, but on an hourly basis, it is highly possible that ADBE (Adobe systems) is setting up a bullish Fib XABCD pattern that will likely end somewhere between $20 and 19.50. The perfect Fibonacci confluence occurs at 20. but the 1.414 extension (which makes AB=CD) is possible in the 19.50 area.

More on this later...