MSFT had a fake breakout above its major ascending wedge from October 2023. Like I always say, fakeouts typically lead to a hard reversal in the other direction. First downside target for me is $430 or the bottom end of the wedge. If the wedge breaks to the downside, $390-$400 is next.
If it breaks to the upside, I'd be looking for longs on pullbacks to support, such as a retest of that trendline.
If it breaks to the upside, I'd be looking for longs on pullbacks to support, such as a retest of that trendline.
You reap what you sow.
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The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
Disclaimer
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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.