Microsoft Corp.Short
Microsoft is heading for a wave C down
Based on price action, we are seeing Microsoft heading for a downside now. First of all, there is a potential double top with two hanging man nearing 78.6% retracement of wave A. Pattern wise, the rising wedge is a key signal of converging and losing bullish momentum, coupled with a bearish RSI divergence.
* If there is a upside, 85.4%-88.6% will be the next selling level.
* If there is a upside, 85.4%-88.6% will be the next selling level.
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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.