on DAILY: price is sitting around a strong supply zone in red so we will be looking for objective sell setups on lower timeframes.
Keeping in mind that price can still test our Supply zone again to get more liquidity to be able to push price lower.
on M30: price is trading inside an objective wedge pattern in orange, so we are waiting for an objective breakout below our lower orange trendline last swing standing to sell this one.
meanwhile, Microsoft would be overall bearish, until the sell setup is activated
Keeping in mind that price can still test our Supply zone again to get more liquidity to be able to push price lower.
on M30: price is trading inside an objective wedge pattern in orange, so we are waiting for an objective breakout below our lower orange trendline last swing standing to sell this one.
meanwhile, Microsoft would be overall bearish, until the sell setup is activated
This analysis is done using RichTL
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