Been expecting CRM to fall for a week or so yet the price continued to slowly rise, but it seems as though the time has come. CRM has created a bearish divergence at an all time high and it may get ugly. CRM created a six dollar gap on this previous uptrend - look for CRM to fill that gap.
Aggressive Entry: $294.84 (look for rejection on a retest)
Conservative Entry: $289.32
Price Target One: $278.27
Price Target Two: $260.61
Aggressive Entry: $294.84 (look for rejection on a retest)
Conservative Entry: $289.32
Price Target One: $278.27
Price Target Two: $260.61
Comment:
CRM has traded up dour dollars since last post and it seems ready to fall ahead of FEDS press conference. MACD is at the highest point it has been at since September of 2020 (daily chart). If the price rises to channel early in the session and has a rejection, that will act as a potential entry point. If it hits the bottom of the channel or somewhere in the middle then I will wait for a bounce and rejection. If it hits the top I will use that as a entry point.
