MSFT - Getting close to major resistance.
Updated
MSFT is up 19% over the last month and is now coming to some major resistance.We have the Double 1.618% levels from the previous 2 highs plus the 61.8% level from the ATH.
The measured ABCD is up just above 300 which is also a major FIB number 3.
We have just gone past equal tops in time.
If its similar to the last retracement then we should be looking at a move back to 250-270.
Big week ahead with a major turn point coming on Tuesday.
Enjoy the week.
Note
After reversing from the Pattern completion area. There has been a nice rally after the earnings report. Its now in the extended levels so waiting for pattern to show to go either long or short.
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