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jacobosiason7

Falling Wedge- Watching Closely

Long
Salesforce (NYSE:CRM)  
jacobosiason7 Updated   
NYSE:CRM   Salesforce
Trend Analysis Chart Patterns Technical Indicators falling_wedge Bullish Patterns supply_and_demand fib gap_fill breakout buyer long-term swingtrade
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trendanalysis chartpattern indicator falling_wedge bullish supply_and_demand fib gap_fill breakout buyer long-term swingtrade
CRM holding quite a big falling wedge here on its daily chart after closing Friday reclaiming the 50-Day SMA. CRM is currently sitting on its 50-Day SMA as well as the .786 FIB level, which also happens to fall right on a major RSI-Based Supply level. CRM additionally has multiple gaps on the upside to fill. Bullish on CRM long-term and will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets Attached Below

- Buyer volume picking up relative to seller volume
- Reclaimed the 50-Day SMA
- Falling Wedge
- Gap Fill on the Upside circa $238.87-$243.22

PT1- $212.74
PT2- $214.68
PT3- $217.10
PT4- $219.52+
Trade closed: target reached:
All Price Targets Reached ✅

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jacobosiason7
Falling Wedge- Bullish
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