Image Source: Pixabay
 

Microsoft Corp., Elliott Wave Technical Analysis

Microsoft Corp., (Nasdaq: MSFT): 4H Chart, 16 October 2023

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.  

Analyst: Alessio Barretta

Microsoft Corp., MSFT: 1-hour Chart, 16 October 2023

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.

More By This Author:

Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Swiss Franc - Monday, Oct. 16
Elliott Wave Technical Analysis 4 Hour Chart: U.S. Dollar/Swiss Franc - Monday, Oct. 16
NEOUSD Elliott Wave Technical Analysis - October 16