MICROSOFT Short Term View Bearish Or Bullish
1. Hidden Bearish Divergence
2. Making a double top and Mild Volume profile support at Target 1
3. If he Candle forms Bearish closing daily candle will fall back to Target 2
4,RATIONALE for Bullish Move :
4 a. Can take regression Channel Support and move UP
4 b . Its taking 100 EMA support in Daily TF since Corona Meltdown in March 2020 , May bounce back from there
4 c . Mild support as pr FIBo will push the Price Up , Observe for the Volume building up in Lower TF , If it increase go Long
4 d . Volume squuzed up after profit booking at Demand Zone around 280 levels , May touch and Bounce
4 e. It filled the gap and touched 310 levels and formed a doji candle may consolidate a bit and rise above the 310 levels , wait for candle confirmation in Daily TF
5. RATIONALE for Bearish Move :
5a Next Fibo support at lower levels and next volume support at lower levels .
5 b if there is no accumulation will fall back at the lower levesl , Volume will decide if it goes up from these levels
BULLISH PROBABILITY IS MORE THAN BEARISH .
LIKE IF YOU AGREE WITH THE ANALYSIS
2. Making a double top and Mild Volume profile support at Target 1
3. If he Candle forms Bearish closing daily candle will fall back to Target 2
4,RATIONALE for Bullish Move :
4 a. Can take regression Channel Support and move UP
4 b . Its taking 100 EMA support in Daily TF since Corona Meltdown in March 2020 , May bounce back from there
4 c . Mild support as pr FIBo will push the Price Up , Observe for the Volume building up in Lower TF , If it increase go Long
4 d . Volume squuzed up after profit booking at Demand Zone around 280 levels , May touch and Bounce
4 e. It filled the gap and touched 310 levels and formed a doji candle may consolidate a bit and rise above the 310 levels , wait for candle confirmation in Daily TF
5. RATIONALE for Bearish Move :
5a Next Fibo support at lower levels and next volume support at lower levels .
5 b if there is no accumulation will fall back at the lower levesl , Volume will decide if it goes up from these levels
BULLISH PROBABILITY IS MORE THAN BEARISH .
LIKE IF YOU AGREE WITH THE ANALYSIS