ADBE Adobe Systems Inc.) broke down below this primary uptrend line yesterday while consolidating in a bear flag continuation pattern (on the 60-min chart) just below the primary uptrend today. The break below the primary uptrend line on the daily time frame also comes on the heels of the breakdown below the most recent bearish rising wedge pattern on the 60-minute time frame.

As Adobe is scheduled to report earnings next Thursday, after the market close, I will pass this one along as an unofficial trade for now as one week may or may not be enough time for this pattern to play out. That is assuming, of course, that ADBE even triggers a short entry via an impulsive breakdown below the bear flag pattern. Regardless, it’s a nice looking pattern so I figured that I’d pass it along for those interested as well as keeping ADBE on watch for a potential official short trade.