Adobe $ADBE has completed a price top by the end of 2018. For me, the break below $230-$235 pivot area was key. Price broke below while the RSI also dipped below 30. These were signs that bears were taking over. Now, after the price top, the market has been trading ADBE in sideways manner, between roughly $205 and $263.15. We have been seeing some choppy price movements between these support and resistance levels.ADBE Daily Chart(click to enlarge)Sideways Scenario:- One possible scenario is that price continues to swing back and forth within the noted range.- Another possibility is that ADBE is going to continue the bearish continuation.Bearish Scenario:- Seeing that the market is neutral-bearish with bearish momentum and price under the moving averages, I would lean on the more bearish outlook. - This means, I would expect failure to reach back to $263, and would NOT rely on the the $205 support next time. - If price holds under $240, I would have more confidence that the market is bearish. - A break above $250 on the other hand would tell me to move to the sideline and reassess the price action after more clues.Bearish Targets:- In the bearish scenario, the next support would be around $180-$186. - Below $180, we can anticipate support around $160.- Both of these projected support levels involve support/resistance pivots.- I think the most aggressive bearish outlook would be the $150 level, where the 200-week simple moving average (SMA) is approaching.- This scenario would reflect a major regression back to the means, and can be expected during an equities market contraction.ADBE Weekly Chart(click to enlarge)