Microsofttothemoon
MICROSOFT LONGHi there,
As you can see it is following the channel well. Back in 2020 it dropped then over the next 6 months, it went up 50% more than the previous peak. Since it is at the lower end of the channel and the BULLISH uptrend since 2007, we can expect MICROSOFT to bounce back.
HOWEVER, we shall WAIT for the CLOSURE of the candle when MARKET opens and we SHALL wait further to let it BREATH then enter the trade and let it ROLL for a nice LONG SWING.
Kind regards
🤔 Hidden Bearish Pattern For Microsoft? (MSFT)🐻 Similar to amazon stock I notice a rising wedge from the main structures. This could lead to a fakeout trap as we approach the upside of previous high and selloff.
Patterns do not always mean what they are said to mean in the textbook but we can use them to help us look for our next play. The top of the wedge lines up with previous high. Be cautious. Play short if the bottom support of wedge breaks.
You never know we could get caught off guard and the bulls could run it up. Anything is possible. Just manage the risk if it were to flip.
Happy trading! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER