Trend implication
Higher lows can signal a potential reversal from bearish to bullish—or at least a weakening downtrend. They suggest buyers are stepping in at progressively higher support levels, which may create an opportunity if bullish confirmation follows.
Current setup
CRM is showing support via higher lows, but lower highs are still in place. I’m watching for a bullish reversal. For me to consider a long entry, I want to see:
• The 21 EMA to slope upward (blue).
• Price to reclaim and hold above the 50 DMA, which aligns with the down-sloping trendline.
Alert / level to watch
I have an alert set at $186.70 to bring me back to the chart for further evaluation.
Risk management note
If you like this idea, make it your own by following your investing/trading rules and using disciplined stop-loss management.
Higher lows can signal a potential reversal from bearish to bullish—or at least a weakening downtrend. They suggest buyers are stepping in at progressively higher support levels, which may create an opportunity if bullish confirmation follows.
Current setup
CRM is showing support via higher lows, but lower highs are still in place. I’m watching for a bullish reversal. For me to consider a long entry, I want to see:• The 21 EMA to slope upward (blue).
• Price to reclaim and hold above the 50 DMA, which aligns with the down-sloping trendline.
Alert / level to watch
I have an alert set at $186.70 to bring me back to the chart for further evaluation.
Risk management note
If you like this idea, make it your own by following your investing/trading rules and using disciplined stop-loss management.
Note
CRM Looks like buyers are keeping this from breaking down (65-minute chart) by stepping in and not letting it get below recent higher lows. Very constructive. My idea above remains the same.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
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I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.