fibonacci

possible Trendline Break 

Basically, the ABCD pattern is the basis of the harmonic pattern and is referred to as a Fibonacci trading strategy. Such a pattern arises from price movements and corrections and places these in a Fibonacci relationship with each other. If certain ratios arise, different patterns can emerge. There are variants in the patterns, which are represented by bandwidths in the figures. In simple terms, these are dynamic patterns consisting of at least 4 or more pattern points.

Our most recent pattern in the Daily Chart of Salesforce is a Zig-Zag that took the stops above the high from Nov 2021. 

We've dipped into the BISI, where price resides atm multiple times already, which created relatively equal lows (SSL), meaning there's sellside liquidity or sellstops resting below those lows. The Stops got taken already but the FVG (BISI) is still active since it's been run multiple times and always respected the 50% level real good.