Salesforce (CRM) - A review of prior update & what next ?
Less than 3 months ago (on 20 June 2026), when Salesforce (ticker : CRM) was at 152, our analysis titled : A Potential 100% Opportunity Hidden Inside a Correction, was clear - a small extract of what we said is shown below.
(For context : 20 June price 152. Today's price 259 - a rally of 70%.)
20 June Extract : The decline from 369 appears corrective
The entire decline from the Wave (B) peak can be interpreted as a three-wave structure:
- Wave A down
- Wave B rally
- Wave C decline
The internal subdivisions of Wave C appear mature.
The market is approaching an area where an important low could begin to emerge. (Emphasis Added)
Downside Appears Increasingly Limited Under the Triangle Count
Under the preferred triangle interpretation:
➡️ Wave (C) is likely nearing completion.
➡️ A test of significantly lower levels becomes increasingly unlikely.
Notice where Wave C made it's low - at 146.
Where do we go from here ?