CRM has risen higher than anticipated, but we are still holding on to our bearish scenario. Initially, we expected another leg down following the wick that we identified as wave ((a)), but the stock surprised us by pushing to a higher high, surpassing the levels of wave 1 and wave B at $348.86.This move invalidated our first bearish scenario, activating our secondary outlook of a flat correction where wave ((b)) exceeds wave 1, which aligns with the current structure.
From here, our outlook is straightforward: if our bearish scenario holds,
CRM should drop below the wave ((a)) level, which is yet to be determined. However, if the stock rises above $360 and sustains trading at that level, the bearish outlook will be invalidated, requiring a complete re-charting of $CRM.A decision point is approaching, and we will monitor the stock closely for further developments.
Exclusive Trading & Investing Group for Crypto & Stocks! 💎📈
Daily Stocks & Crypto Analysis | Daily Bitcoin ETF Updates | Trading Challenges & more
Join us:👇
🔗 wavemarketcapital.com/
Daily Stocks & Crypto Analysis | Daily Bitcoin ETF Updates | Trading Challenges & more
Join us:👇
🔗 wavemarketcapital.com/
Related publications
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.
Exclusive Trading & Investing Group for Crypto & Stocks! 💎📈
Daily Stocks & Crypto Analysis | Daily Bitcoin ETF Updates | Trading Challenges & more
Join us:👇
🔗 wavemarketcapital.com/
Daily Stocks & Crypto Analysis | Daily Bitcoin ETF Updates | Trading Challenges & more
Join us:👇
🔗 wavemarketcapital.com/
Related publications
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.