MSFT - Analysis after strong rejection off a tapered channel
If you understand what I see, this will make a lot of sense to you.
We are simply... Tapering. From strong buying magenta continuation, you can see signs of purple more tapered buying continuation starting to pick up and hold price. This means that we will taper in purple until we activate a stronger buying continuation to then break out of purple. If not, magenta will be no longer (for the time being).
That will be all for my analysis this morning. Will keep you updated as price develops on all of these!
Goodluck in the market today and...
Happy Trading :)
We are simply... Tapering. From strong buying magenta continuation, you can see signs of purple more tapered buying continuation starting to pick up and hold price. This means that we will taper in purple until we activate a stronger buying continuation to then break out of purple. If not, magenta will be no longer (for the time being).
That will be all for my analysis this morning. Will keep you updated as price develops on all of these!
Goodluck in the market today and...
Happy Trading :)
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