Microsoft Corp.Updated MSFT: Bears Have Taken Control Over Bulls
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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