Microsoft Corp.(MSFT:NASDAQ) Elliott Wave Technical Analysis 16 October 23

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Microsoft Corp., Elliott Wave Technical Analysis

Microsoft Corp., (MSFT:NASDAQ): 4H Chart, 16 October 23

MSFT Stock Market Analysis: Looking for upside resumption after a three wave move into what seems to be Minor wave 4. We could be in the early stages of Minor wave 5 as invalidation currently stands at 310$.

MSFT Elliott Wave Count: Wave {i} of 5.  

MSFT Technical Indicators: Above all averages.

MSFT Trading Strategy: Looking for wave {ii} pullback to then look for longs.  

TradingLounge Analyst: Alessio Barretta
 

 

 

 

Microsoft Corp., MSFT: 1-hour Chart, 16 October 23

Microsoft Corp., Elliott Wave Technical Analysis
MSFT Stock Market Analysis: Looking for wave (iv) to develop as wave (iii) hit 1.618 vs. (i). Looking for continuation higher into wave (v) to ideally reach previous wave {b} top at 340$.

MSFT Elliott Wave count:  Wave (iv) of {i}.  

MSFT Technical Indicators: 20EMA as resistance.

MSFT Trading Strategy: Looking for longs into wave (v) as long as invalidation at 321$ holds.