26Apr

Microsoft Inc.(MSFT) Stocks Elliott Wave Technical Analysis: Navigating Through Corrective Patterns

MSFT Elliott Wave Analysis Trading Lounge Daily Chart

Microsoft Inc., (MSFT) Daily Chart
MSFT Elliott Wave Technical Analysis

FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE: Zigzag
POSITION: Intermediate (2)
DIRECTION: Bottom in wave A of (2).  
DETAILS: We are considering a significant top in place with wave (1), and we are now looking for a three wave move correction into wave (2). We seem to be finding buyers on Medium Levell 400$, looking for 400$ to turn into resistance.  

MSFT Elliott Wave Technical Analysis – Daily Chart

The daily chart of MSFT shows the stock in a corrective phase with a zigzag structure, identified as Intermediate wave (2). Currently, the stock is witnessing a bottom formation in wave A of (2). After observing a significant top in wave (1), MSFT appears to be undergoing a corrective three-wave movement. The price level around $400, which has been attracting buyers, is anticipated to evolve into a resistance level. Traders should monitor this zone closely for potential reversal signals.

Microsoft-Inc-DAILY-...


 

MSFT Elliott Wave Analysis Trading Lounge 4Hr Chart

Microsoft Inc., (MSFT) 4Hr Chart
MSFT Elliott Wave Technical Analysis

FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE: Zigzag
POSITION: Wave A.  
DIRECTION: Bottom in wave {v}.
DETAILS: I can count a clear five wave move into wave A, with alternation between {ii} and {iv}. Looking for a pullback in wave B to then fall back lower.

In this comprehensive Elliott Wave analysis for Microsoft Corporation (MSFT), we provide an in-depth review of the stock’s potential movements based on its current wave patterns, as observed in both the daily and 4-hour charts on April 26, 2024. This analysis aims to assist traders and investors in understanding the underlying market dynamics and planning their strategies accordingly.

MSFT Elliott Wave Technical Analysis – 4Hr Chart

Moving into the 4-hour chart, the analysis continues to reflect a counter-trend with a zigzag corrective structure, highlighting the end of Wave A. Here, a clear five-wave movement has been identified, with distinct alternations between waves {ii} and {iv}. The current position, at the bottom of wave {v}, suggests that the stock might experience a short-term pullback in wave B before potentially declining further. This provides a strategic point for traders to look for entry and exit points during the unfolding of wave B.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Texas Instruments Inc., (TXN) 

Special Trial Offer - 0.76 Cents a Day for 3 Months!  Click here
Access 6 Analysts covering over 150 Markets. Chat Room With Support

Microsoft-Inc-4H-STO...

Related

Understand PYPL’s Market Direction and Anticipated Price Movements: PayPal Holdings Inc. Stocks Elliott Wave Technical Analysis

Understand PYPL’s Market Direction and Anticipated Price Movements: PayPal Holdings Inc. Stocks Elliott Wave Technical Analysis

This analysis of PayPal Holdings Inc. (PYPL) offers a detailed look at both daily and 1-hour chart p...

Read More >
Detailed Meta Elliott Wave Technical Analysis of Meta Platforms Inc.: Daily and 4-Hour Trading Perspectives

Detailed Meta Elliott Wave Technical Analysis of Meta Platforms Inc.: Daily and 4-Hour Trading Perspectives

This detailed analysis of Meta Platforms Inc (META) employs Elliott Wave theory to examine the stock...

Read More >
NIFTY 50 Index Elliott Wave Technical Analysis Reveals Bullish Impulsive Trend with Strong Market Forecast and Support Level at 1621

NIFTY 50 Index Elliott Wave Technical Analysis Reveals Bullish Impulsive Trend with Strong Market Forecast and Support Level at 1621

The Nifty 50 Index shows a strong bullish impulsive trend on daily and weekly charts. Elliott Wave s...

Read More >
State Bank of India (SBIN) Stock Analysis: Elliott Wave Technical Insights and Price Predictions

State Bank of India (SBIN) Stock Analysis: Elliott Wave Technical Insights and Price Predictions

State Bank of India (SBIN) is undergoing critical movements based on Elliott Wave analysis. The stoc...

Read More >
NASDAQ, AAPL, AMZN, NVDA, TSLA, GOOGL, META, NFLX, MSFT. Elliott Wave Insights & Strategies

NASDAQ, AAPL, AMZN, NVDA, TSLA, GOOGL, META, NFLX, MSFT. Elliott Wave Insights & Strategies

Explore Elliott Wave analysis and trading strategies for NASDAQ-listed stocks, including NASDAQ 100,...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on