Microsoft’s stock has slid back, settling again within our green Target Zone between $477.87 and $451.84. We anticipate an imminent upward movement as part of the magenta wave (5), which is expected to push price beyond the resistance at $562.17. Just above this level, the large blue wave (I) is likely to complete before a significant correction begins. There’s also a 38% chance of additional selling pressure below the support at $392.97. In this case, the high of $562.17 would align with the beige wave alt.III, while the low of wave alt.IV would form below $392.97.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
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.