MSFT Short: Harmonic Confluence in Triple 3 Correction

NASDAQ:MSFT   Microsoft Corp
MSFT             is consolidating after bearish price action in what appears to be a sideways combination corrective pattern. Regardless of EW count, there are multiple congruent harmonic patterns that if completed will be met with significant trendline resistance, helping to drive price down. List of confluence in PRZ is listed below.

PRZ Confluence:
1. Two Bearish Butterflies
2. Bearish Crab
3. 1.13ab=cd (Reciprocal of .886 c point, Green)
4. 2ab=cd (Blue)
5. Bearish Deep Crab
6. .707 & .786 Wave 3 Levels
7. Two Structural S/R Levels
8. Trend line Resistance
UPDATE: Looks like a parallel channel has formed. Short idea still valid.
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