As you may know by now (see my prior Forex, stocks and index lessons on pattern trading), reversals at Point-5' ("five-prime") are much more common than reversals at Point-5 when dealing with the pattern ("WW").
Here is the most recent technical comment on this pattern as price carves out a top at Point-5':
In this particular case, things are not different.
At this point, we are witnessing a probable start of price reversal, as the value of MSFT is softening in the direction of our predictive analysis and forecast level of TG-Low = 29.23, defined last January 2014 - Note that the predictive analysis and forecasting are generated independent of the pattern, but I went ahead and covered a much more elaborated analysis of the pattern in its own pricing context after I noticed it when running my forecasting system.
For the WW novice, the price field might appear burdened and confusing with lines. However, a carefully drawn WW pattern should see Points 1-3-5 and Points 2-4 generate their own lines, as well as a 2-4 Line projection off of Point-3 to produce a 3-5' Line, and the all too important 1-4 Target Line, which is the line of interest, since in this particular example, we would seek to enter a short position at 5' and take profit once price touches that 1-4 Profit Line.
Until price action generates further idea or triggers more technical commentary, I will keep watching and expect price to further decompensate at these levels.