Price Action VS Quarter ReportAdobe Inc.BATS:ADBEExperTrader21I see many traders are still bullish on Adobe because of its strong quarterly earnings. But look at the evidence. I already showed the previous 9 quarterly reports — despite many strong earnings reports, Adobe’s stock price still continued to fall. This is why I believe the most important thing is PRICE ACTION. No matter how good the quarterly report is, if the price action is still showing a downtrend, lower highs, and bearish structure — be careful. Don’t let a good earnings report blind you to what the chart is telling you. Earnings tell you about the business. Price action tells you what the market is doing. For me, I trust the price action. Not financial advice. Just my personal view.