Microsoft Corp. Major Crash After 4,648 Of Bullish Action After almost 13 years of bullish action, Microsoft Corp. (MSFT) is about to enter wave c of a major ABC correction.
The RSI peaked Feb. 2020. (A multiple years long bearish divergence.)
Wave b hits a higher high compared to the start of wave a due to the side-effects of monetary expansion.
Since monetary expansion was strong in the year 2020/21, this translates on the chart as an irregular correction; here a long-term one. (Or we could say "erratic market behaviour;" the side-effects of too much money printing.)
Will money flow from traditional markets toward Cryptocurrency?
I've seen several charts pointing to a very strong bear-market coming for some of the traditional stocks; bigger than what we would normally expect.
I would like to belief that everything will be fine and these stocks will forever grow, but what I am seeing is a massive bearish phase that is specific to major stocks.
I belief Microsoft is going down based on this chart.
Namaste.
