Microsoft Inc. (MSFT) Elliott Wave Analysis – Trading Lounge Daily Chart

MSFT Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: ZigZag

Position: Wave {iv} of C

Direction: Downside in wave C

Details:

A three-wave pattern is forming in Intermediate wave (2), with wave C of (2) nearing completion. However, wave {v} of C remains unconfirmed, indicating the corrective phase is still active. Once wave C finalizes, traders should watch for a potential trend reversal or new impulsive wave, signaling a shift in market momentum.

MSFT Elliott Wave Technical Analysis – Trading Lounge 1H Chart

Function: Counter Trend

Mode: Corrective

Structure: ZigZag

Position: Wave {iv} of C

Direction: Near Completion in wave {iv}

Details:

An upward correction is emerging in Minute wave {iv}, with the market progressing higher in wave (a) of {iv}. Expectations lean towards further upside movement; however, resistance is anticipated near $400. Any breakout above this level could invalidate the current Elliott Wave structure, necessitating a reassessment of the corrective phase.

Technical Analyst: Malik Awais

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Market Insights & Trading Strategy

This Elliott Wave analysis for Microsoft Inc. (MSFT) evaluates both daily and 1-hour timeframes, leveraging Elliott Wave Theory to assess current market trends and forecast potential price movements.

By monitoring key support and resistance levels, traders can refine their strategies and anticipate significant price shifts. The conclusion of wave C's corrective structure may set the stage for a bullish reversal or new impulsive wave, while the development of wave {iv} in the 1H chart is crucial for short-term trading decisions.