Trade Idea: $CRM

Trade Idea: $CRM

CRM is presenting a head and shoulders with the right shoulder firmly in a downtrend. The entry for this trade would be looking to enter on one last lower high with a stop loss above the prior high.

Trade Setup
šŸ·ļø Name: Salesforce
šŸ’  Ticker: $CRM
šŸ“‰ Direction: Short
šŸŽÆ Entry: $247
šŸŽÆ Target: $137 or trailing stop
šŸ›‘ Stop Loss: $274
āš–ļø Risk / Reward: 4 : 1

If CRM breaks out and stops out the first trade, it may present one more opportunity to short from higher, making a full right shoulder:

Trade Setup
šŸ·ļø Name: Salesforce
šŸ’  Ticker: $CRM
šŸ“‰ Direction: Short
šŸŽÆ Entry: $307
šŸŽÆ Target: $137 or trailing stop
šŸ›‘ Stop Loss: $380
āš–ļø Risk / Reward: 2 : 1