ThinkingAntsOk

Consolidation ready on CRM / waiting for the breakout

Long
NYSE:CRM   Salesforce
Today we will share a long setup we are waiting for.

On CRM we are observing a 150 days Flag pattern completed from a technical perspective

-The Flag pattern is supported on a broken ascending trendline

-The confirmation level to activate a setup is the green line. IF the price reaches that level we will open long positions towards the First and Second Target (Fibo Extension)

-The invalidation level for this idea is below the Corrective structure, also that's a key level to set stop-loss orders

-If everything goes as expected, we think the movement can take about 4 to 5 months.



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