Microsoft is trading inside a 14month Channel Up.
The MA50 (1d) is supporting since October 6th 2023, which is the same time length as the last Bullish Leg of the Channel Up.
It seems we are in a similar Bullish Megaphone Top formation.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 395.00 (Support 1, which was the target during the previous Channel Up correction).
Tips:
1. The RSI (1d) is also forming an identical Bearish Megaphone as the June-July 2023 top.
Please like, follow and comment!!
Notes:
Past trading plan:
The MA50 (1d) is supporting since October 6th 2023, which is the same time length as the last Bullish Leg of the Channel Up.
It seems we are in a similar Bullish Megaphone Top formation.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 395.00 (Support 1, which was the target during the previous Channel Up correction).
Tips:
1. The RSI (1d) is also forming an identical Bearish Megaphone as the June-July 2023 top.
Please like, follow and comment!!
Notes:
Past trading plan:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.