this is a bit of a different perspective using Renko 1hr/$0.5 blocks
it shows a possible bullish convergence between price and both seller power & supply/demand on the short term, but to confirm, MSFT should close the week above the resistance band at $198 - $198.5 -- else opens with a gap above that level on Monday -- if neither of these scenarios happen, we may expect some weakness next week ..as the Q4 earnings approach in July.
added below the normal 1hr/candle view for comparison
Let's keep an eye on the upcoming moves.
it shows a possible bullish convergence between price and both seller power & supply/demand on the short term, but to confirm, MSFT should close the week above the resistance band at $198 - $198.5 -- else opens with a gap above that level on Monday -- if neither of these scenarios happen, we may expect some weakness next week ..as the Q4 earnings approach in July.
added below the normal 1hr/candle view for comparison
Let's keep an eye on the upcoming moves.
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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.