ADBE pullback still needs confirmation.

The recent pullback in ADBE looks more like a normal reset in sentiment and valuation rather than any real deterioration in the underlying business. The core fundamentals remain intact, with a stable subscription model, solid cash flow, and strong product stickiness. This is not a name that suddenly became structurally broken.

That said, from a trading perspective, this is also not a high conviction entry yet. The short term trend is still weak, and recent bounces appear more corrective than driven by aggressive dip buying. Volume and price action suggest that larger players are still patient and not in a rush to re establish positions.

For me, the right move here is not bottom fishing and not chasing short term strength. This is a wait and observe situation. I want to see selling pressure fully clear and price stabilize, or momentum meaningfully shift back in favor of buyers. Until then, keeping risk off the table is more important than forcing a trade.