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. 

Chart

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.

Chart

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]

Share: Feed news

As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.

Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.

The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.

Recommended content


Recommended content

Editors’ Picks

AUD/USD consolidates near 19-month peak as traders await US PCE Price Index

AUD/USD consolidates near 19-month peak as traders await US PCE Price Index

AUD/USD oscillates in a range below the 0.6900 mark, as traders opt to move to the sidelines ahead of the US PCE Price Index. In the meantime, the RBA's hawkish stance, the optimism led by additional monetary stimulus from China, the prevalent risk-on mood, and a bearish USD continue to act as a tailwind for the pair.

AUD/USD News
EUR/USD rebounds on Thursday after midweek pullback

EUR/USD rebounds on Thursday after midweek pullback

EUR/USD tuned back into the high end on Thursday, getting bolstered by a broad-market selloff in the Greenback. US data that printed better than expected helped to ease concerns of a possible economic slowdown within the US economy looming over the horizon.

EUR/USD News
Gold holding at higher ground at around $2,670

Gold holding at higher ground at around $2,670

Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors. 

Gold News
Ethereum investors show bullish bias amid ETF inflows and positive funding rates, exchange reserves pose risk

Ethereum investors show bullish bias amid ETF inflows and positive funding rates, exchange reserves pose risk

Ethereum traded around $2,640 on Thursday, up more than 2% following increased bullish bias among investors, as evidenced by ETH ETF net inflows and an uptrend in funding rates. However, investors may be wary of a potential correction from ETH's rising exchange reserve.

Read more
RBA widely expected to keep key interest rate unchanged amid persisting price pressures

RBA widely expected to keep key interest rate unchanged amid persisting price pressures

The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.

Read more
Five best Forex brokers in 2024

Five best Forex brokers in 2024

VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals. 

Read More

Forex MAJORS

Cryptocurrencies

Signatures