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Salesforce, Inc. in an upcoming downdrend?


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

If you want to know why the high of the first move of the Zig-Zag was build where it was build, check the 1.618 Fibonacci Retracement of move down just before he run ⬇️

As you can see in the first chart, long term, there are Sell stops resting below the lows from 2018 and 2020. Before a likely drop, it's very much possible that we go back to the gap at around $280-$295 above the current price of $273.

Targets/Take Profits

Target one would be the 0.382 Fibonacci Retracement

Target two the 0.618 Fibonacci Retracement

And my last one would be the Stops below the lows in 2018 and 2020 market in white.