Microsoft Has Been Moving Nicely As Expected from technical point of view and by Elliott wave theory.
On August 7th we shared a free chart of Microsoft with ticker MSFT, where we warned about a three-wave corrective slow down within wave 4 before a bullish continuation for wave 5. CLICK HERE
As you can see today, after more than 3 months, Microsoft has been moving nicely as expected. After a completed three-wave a-b-c correction within wave 4 into projected support area, it’s now already back to highs for wave 5 of a higher degree wave (3), so be aware of a new higher degree wave (4) correction soon.
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