MSFT analysis in 1 hour chart.
MSFT completed minimum wave C of the ABC pattern and also nailed top of the day into the leading indicator called Decision Point. After MSFT opened the day into resistance, it start to create swing down. In this analysis i have created two support levels where i am waiting MSFT to nail lows.
I have high confidence that MSFT will hit at least 'Target 1' at $41,92 with R/R 2.6
More advanced traders may try to find bottoms at the 'Target 2'
MSFT completed minimum wave C of the ABC pattern and also nailed top of the day into the leading indicator called Decision Point. After MSFT opened the day into resistance, it start to create swing down. In this analysis i have created two support levels where i am waiting MSFT to nail lows.
I have high confidence that MSFT will hit at least 'Target 1' at $41,92 with R/R 2.6
More advanced traders may try to find bottoms at the 'Target 2'