MSFT has bullish signals from the multiple moving averages, RSI and volume analysis. However, wave principle asks evidence from the buyers. The wave count suggests that the corrective wave (B) is ongoing, and bears will control the final wave of the primary wave 3.
Wave C will start falling nearby the supply zone and high of the 2nd wave of wave intermediate wave A. Wave C can fall up to 476 which will be the strength for wave primary wave 5. As per the chart, breakout above 540 will be a good signal for bulls to take charge back.
Zones:
Supply zone: 538 - 528
Demand zone: 482 - 476
I will update the chart and details shortly.
Wave C will start falling nearby the supply zone and high of the 2nd wave of wave intermediate wave A. Wave C can fall up to 476 which will be the strength for wave primary wave 5. As per the chart, breakout above 540 will be a good signal for bulls to take charge back.
Zones:
Supply zone: 538 - 528
Demand zone: 482 - 476
I will update the chart and details shortly.
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We're about to hit 2,000 followers on TradingView! 🚀
Special discount on our pricing plans! 🎉 - t.me/moneydictators
For Premium Research and Elliott wave Guidance: t.me/warlockmd
Special discount on our pricing plans! 🎉 - t.me/moneydictators
For Premium Research and Elliott wave Guidance: t.me/warlockmd
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.