AlanSantana

Microsoft Corp. Major Crash After 4,648 Of Bullish Action

Short
BATS:MSFT   Microsoft Corp.
After almost 13 years of bullish action, Microsoft Corp. (MSFT) is about to enter wave c of a major ABC correction.

The RSI peaked Feb. 2020. (A multiple years long bearish divergence.)

Wave b hits a higher high compared to the start of wave a due to the side-effects of monetary expansion.

Since monetary expansion was strong in the year 2020/21, this translates on the chart as an irregular correction; here a long-term one. (Or we could say "erratic market behaviour;" the side-effects of too much money printing.)

Will money flow from traditional markets toward Cryptocurrency?

I've seen several charts pointing to a very strong bear-market coming for some of the traditional stocks; bigger than what we would normally expect.

I would like to belief that everything will be fine and these stocks will forever grow, but what I am seeing is a massive bearish phase that is specific to major stocks.

I belief Microsoft is going down based on this chart.

Namaste.

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