Salesforce Inc. (CRM) Elliott Wave technical analysis
|CRM Elliott Wave Analysis Trading Lounge Daily Chart,
Salesforce Inc.,(CRM) Daily Chart.
CRM Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Primary C.
Direction: Downside in wave (3).
Details: Looking for a completion of Primary wave C to unfold in five waves. We could have completed a sharp wave (2) and be resuming lower.
CRM Elliott Wave Analysis Trading Lounge 4Hr Chart,
Salesforce Inc., (CRM) 4H Chart.
CRM Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave 1 of (3).
Direction: Acceleration in wave (3).
Details: We could have found a top in wave C. Looking for confirmation of further downside with a tested resistance on top of 250$. It’s possible we will double correct in wave (2), or else we could be in a wave (C) of a complex correction.
Welcome to our latest Elliott Wave analysis for Salesforce Inc. (CRM). This analysis provides an in-depth look at CRM's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on CRM's market behavior.
CRM Elliott Wave technical analysis – Daily chart
The daily chart indicates that CRM is expected to complete Primary wave C in a five-wave sequence. It appears that wave (2) was a sharp corrective wave, and the market is now resuming lower in wave (3). Traders should watch for further downside momentum as wave (3) progresses, looking for confirmation through price action and volume.
CRM Elliott Wave technical analysis – Four-hour chart
The 4-hour chart shows that CRM may have found a top in wave C, indicating the start of a new downward trend.
Technical analyst: Alessio Barretta.
CRM Elliott Wave technical analysis [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.