MSFT has accomplished the corrective wave (b) and started falling for wave (c) of wave (4).
Traders can expect the following targets: 289 - 272 - 265 for wave (c).
Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level.
An uptrend is only possible after the breakout of the parallel channel. As per the wave principle, a new trend can unfold above/below wave B of the previous correction.
Traders can expect the following targets: 289 - 272 - 265 for wave (c).
Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level.
An uptrend is only possible after the breakout of the parallel channel. As per the wave principle, a new trend can unfold above/below wave B of the previous correction.
Note
Correction- Time frame: 6 hoursTrade closed: target reached
TP 1: 289Note
TP 2: 272Trade closed: target reached
TP 3: 265Trade closed: target reached
All TP Done
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Related publications
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.