W PatternPrice is inside a rising wedge that is not valid until the lower line has been broken.
Rising wedges are bearish but can sometimes break to the upside even if temporary. The lower line of a rising wedge can function as support until broken.
T1 has been met and sometimes that is all you get
W pattern noted with some space to go up a bit more but as of late there is no telling. It is unusual to get past the 1.618 but have seen some hit the 2.0 fib level when folks are super bullish. MSFT is having a bit of a struggle at the 1.414. Price usually reverses at the end of the 4th leg of a W pattern. This leg is a dashed line because I am not sure if it is complete.
Hanging man candle noted 4 days ago yet price continues up today.
Price is closing in on a diagonal and horizontal resistance lines.
No recommendation/be safe.
Day Range
283.17
288.19
EPS (FWD)
9.36
PE (FWD)
30.30
Div Rate (FWD)
$2.72
Yield (FWD)
0.96%
Short Interest
0.48%
Market Cap
$2.11T
