Pair : Microsoft Corp
Description :
Symmetrical Triangle as an Corrective Pattern in Short Time Frame , Rejecting from the Upper Trend Line and Demand Zone. Completed Impulsive Waves and Corrective Waves " abc " , If it Breaks the Lower Trend Line and Retest then it will Short
Entry Precaution :
Wait for the Proper Rejection with Strong Price Action
Often MSFT can lead the market.
If this stock is breaking out of a daily range it will likely help propel the indices and cloud stocks higher.
With the second largest company in the world showing technical strength, one has to sway slightly more bullish.
if this breakout fails than one can lean more bearish. As of now this is a bullish move for MSFT
Bullish Momentum.
Invest in what you like.
I don't see any bearish signs.
- Share your opinion in the comments below and support the idea.
Thank you for the support.
Now: bounce off 50ma, previous structure and 0.618 fib zone
This means potential reversal to the upside.
MSFT is still on an uptrend so buy the dip!
TP) 120.00
SL) 109.00
