Microsoft Corp.Short
Scalping Puts to 147.30
MSFT has been forming a bear flag beginning 3/16 (4H). At this point in time, MSFT seems to be consolidating at support.
Zooming into the 30M frame, we see yet another bear flag forming within (green trend lines). It can possible attempt to retest before falling to 150 fully forming a head and shoulders pattern.
Market: Trending UP
Area: Flirting with pivot line on the 5M chart with HIGH sell volume on the last candlestick in the time frame
Entry Point: Break and Holds below bottom Orange Support trend line
I believe it can test S1 (5M) and breaking past it to consolidate price action at ~150
147.30 is a REACH but possible.
Please feel free to share insight or leave any feedback!!!
Zooming into the 30M frame, we see yet another bear flag forming within (green trend lines). It can possible attempt to retest before falling to 150 fully forming a head and shoulders pattern.
Market: Trending UP
Area: Flirting with pivot line on the 5M chart with HIGH sell volume on the last candlestick in the time frame
Entry Point: Break and Holds below bottom Orange Support trend line
I believe it can test S1 (5M) and breaking past it to consolidate price action at ~150
147.30 is a REACH but possible.
Please feel free to share insight or leave any feedback!!!
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