Get started

Head and Shoulders

MSFT entering challenging waters.While Mag 7 stocks recently rebounded, MSFT has entered a period of consolidation. In recent history bull runs resolve in >30% corrections after hitting Fibonacci multiples, with the bottoms forming a clear support trend line (Dec 18, Mar 20, Oct 22 & Jan 23). If MSFT loses the support @ $400 the stock may enter a multi-month correction cycle before finding support @ $300 for a 30% correction from ATH. Sell trigger is Weekly RSI below 50. Inversely if resistance of 430 is broken it would allow bull continuation with 470 & 525 next Fib targets.
NASDAQ:MSFTShort
by lethelex
$ELA AFTER 1,4$ UNSTOPPABLE The Quasimodo Reversal (QMR) pattern, observed in trading, consists of a sequence of price movements: starting with a high, followed by a low, then a higher high, and finally a lower low. This pattern signals a potential reversal in the market's direction, often indicating a shift from bullish to bearish or vice versa. Traders may use this pattern to anticipate price reversals and adjust their trading strategies accordingly. Elastos, like any other asset, may exhibit this pattern, providing traders with opportunities to capitalize on market movements.
Long
by Rainmaking
3