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Microsoft is a global technology company founded by Bill Gates and Paul Allen in 1975. It’s best known for its Windows operating system, Microsoft Office suite, and cloud platform Azure. Over the years, Microsoft has expanded into gaming (with Xbox), professional networking (LinkedIn), and AI (through partnerships like OpenAI). Today, it’s one of the world’s most valuable and influential companies, shaping software, hardware, and cloud computing industries.

Microsoft reported earnings last Wednesday after the close, when the price turned south after a successful push to new highs. Which is nice, because the structure still looks like a wave four in progress. It’s an ongoing flat correction, with the current sharp decline representing wave C. Wave C in a flat usually stabilizes near the previous wave A levels, which in this case shows interesting support around 492, followed by 468 — the former 2024 high, just slightly lower. Holding this area could offer an attractive setup for the next rebound, possibly leading into the final higher-degree wave five of five.
 

MSFT Daily Chart
 

Highlights:
Trend: Corrective phase, wave C of flat in progress
Potential: Rebound toward new highs once support holds
Support: 492 / 468
Invalidation: Below 394
Note: Watch for stabilization at support before potential wave five continuation

For more analysis like this, you can watch our latest recording of a live webinar streamed on November 03 HERE. 

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