Pivot
Salesforce.com - Potential Bullish PivotHey Traders!
Salesforce.com NYSE:CRM has been on my radar today and according to my studies... CRM is giving off a strong bullish signal according to where the price is relative to the Bollinger bands and Keltner channel. I drew a few dots on the chart above to highlight the areas of interest so you can see what I look at. The Cyan dot is just to locate the price when it is between the lower Bollinger bands and Keltner channel, this is the area where I start paying attention for a bullish trade setup. The Magenta dots are for when the price is between the upper Bollinger bands and Keltner Channel bands and is when I start looking for a bearish trade setup. I use the white dot as an entry signal as price has come back within the Keltner channel. White dots following the cyan dots are bullish entry signals, whereas white dots following magenta dots are bearish entry signals. The entry signals are what I consider to be pivot points where the stock may begin to change direction.
However, this strategy does generate false positive signals from time to time. As an attempt to avoid false entry signals, I take into account the trend of the stock. The stock has been trending upward the last 90 days with a net change of +33% (based on closing price 06/19/2020). Therefore, based on the indicators and trend, my assumption is that CRM could move higher. Ideally, I would like to see CRM reach $260 per share within the next 14 trading days... but who knows what could happen.
Keep in mind: The days surrounding the outcome of the U.S. election, market fluctuations, and unexpected news events can send CRM in an unfavorable direction. This idea is not a call to action, nor should it be considered investment or trading advice. The ideas expressed on our TradingView page are for educational and entertainment purposes only.
Leave us a comment below! - Are you bullish or bearish on Salesforce.com?
GBPJPY: Analysis *Daily POV*I made a post about the head and shoulder earlier last week and price rose as I expected. Price has hit a pivot point and is now going towards the bears and i think price could reach the black median line in the box below and either keep falling until the blue support level below just below the head of the head and shoulder formation or rise from the median making a new high for the month.
EURJPY Preparing for next week !The most important range for EURJPY was
formed in September, based on Fibonacci
retracement and monthly important pivot
levels are 122.39, 123.20, 123.47 and 124.24.
123.20 is icrucial to choose the right range
between 124.24-123.24 and 123.24-122.39.
You can use this information to make right
decisions for next week.
The pattern triangle with T1 and T2 also will
help you, usually formation of this pattern
(on H1) is showing the trend for next several
days
YFII Long swing. pivot test.based on camarilla and CPR methods. I know it is a new coin so take it with a grain of salt. tight stops manage risk. it relies on alt market turning up
ZRX long. swing and pivot test. camarilla + CPR. this one is secretly getting bullish despite its looks. it actually doesn't have much resistance here. The cloud is flipping to green above. The price + RSI starts making high lows very quietly. and its weekly and monthly pivot both are untested which usually doesn't remain that way