MSFT About to Break after 4 Month Consolidation
Microsoft has yet to reclaim all time highs after it peaked in July at $468. Forming a symmetrical triangle as price is being compressed towards the breakout zone.
Recently price bounced off the support, into the 0.618 and into resistance. Looking for a potential break although there is strong resistance above, or a break down and continuation of the downward trend.
Let's see where this goes.
Recently price bounced off the support, into the 0.618 and into resistance. Looking for a potential break although there is strong resistance above, or a break down and continuation of the downward trend.
Let's see where this goes.
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blasted through resistance #1, lets see if we can hold this zone
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Long trade would look like this
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Would like to see the high next
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Back to entry, retest of the breakout
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Looking at these 2 zones now
Trade closed: stop reached
stopped out on the move back into the triangle. 
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