Bollinger bands are tilting down )o: It is weird how the bands flow with price.
There is a rising wedge below price. I never thought CRM would go back to that wedge but a line of red candles beg to differ. Price has not broken the bottom trendline of the bands set on an 80 moving average as of yet. There will be gasps for air..and who knows, selling may exhaust soon.
Rising wedges are formed due to FOMO, fear of missing out, and people buy, buy, buy. This ultimately affects supply and demand and is bearish for the security. Rising wedges are caused by overeager buyers. It is a terminal pattern and is caused by irrational exuberance.
Worrisome that CRM did not find support at the top or bottom of prior gap. CRM also broke down from a channel up.
Rising wedges will bite you just about everytime.
No recommendation.
There is a rising wedge below price. I never thought CRM would go back to that wedge but a line of red candles beg to differ. Price has not broken the bottom trendline of the bands set on an 80 moving average as of yet. There will be gasps for air..and who knows, selling may exhaust soon.
Rising wedges are formed due to FOMO, fear of missing out, and people buy, buy, buy. This ultimately affects supply and demand and is bearish for the security. Rising wedges are caused by overeager buyers. It is a terminal pattern and is caused by irrational exuberance.
Worrisome that CRM did not find support at the top or bottom of prior gap. CRM also broke down from a channel up.
Rising wedges will bite you just about everytime.
No recommendation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.