An ominous setup for Salesforce (CRM)

A question came in regarding Salesforce (CRM). The technicals look ominous, so keep an eye on this chart. CRM's log-scale chart shows a head and shoulders topping pattern going back to early 2024 with the stock price approaching the pattern neckline near 236. A decisive break below the neckline would confirm this top and signal additional downside risk for CRM. The Volume Advance Decline indicator, an enhanced on-balance-volume, is breaking lower from its own head and shoulders top. If volume lives up to its status as a leading indicator of price, the risk is that CRM follows. Stay tuned...