Microsoft / MSFT is getting rejected in the past 3 weeks on the trendline that was once a Rising Support, now turned Resistance.
Having reached the 0.5 Fibonacci level, it resembles the July-Aug counter trend rally of the 2022 Bear Cycle.
That eventually bottomed on the 1.382 Fibonacci extension.
Perfect sell entry here, Target 290.
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Having reached the 0.5 Fibonacci level, it resembles the July-Aug counter trend rally of the 2022 Bear Cycle.
That eventually bottomed on the 1.382 Fibonacci extension.
Perfect sell entry here, Target 290.
Follow us, like the idea and leave a comment below!!
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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.
thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
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.