MSFT Elliott Wave Analysis: Microsoft Inc. (MSFT)
This Elliott Wave analysis for Microsoft Inc. (MSFT) explores the daily and 1-hour charts, leveraging Elliott Wave Theory to assess the stock's current trend and predict possible future movements.
Microsoft Inc. (MSFT) Elliott Wave Analysis: Trading Lounge Daily Chart
MSFT Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Minor wave C
Direction: Downside in wave C of (2)
Analysis Summary:
Microsoft's daily chart shows the completion of wave C within the corrective wave (2). The price is facing downward pressure, with key resistance near the $400 level. If this resistance holds, we may see further declines toward Minor Group 2 (MG2) support levels, which are:
These levels are critical targets as the corrective wave (2) unfolds, potentially marking the end of the downward phase.
Microsoft Inc. (MSFT) Elliott Wave Analysis: Trading Lounge 1-Hour Chart
MSFT Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Flat
Position: Wave {i} of C
Direction: Downside in wave C
Analysis Summary:
On the 1-hour chart, Microsoft has likely completed a five-wave decline within wave {i} of the larger wave C. A corrective bounce in wave {ii} is anticipated next, possibly forming an (a)-(b)-(c) structure. Once this upward correction concludes, further downside in wave {iii} of C is expected, aligning with the bearish trend indicated on the daily chart.
Key Support Levels to Monitor:
These support zones are projected to be tested as wave C continues its downward trajectory.
Technical Analyst: Alessio Barretta
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
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