Again based on the Pitchfork trend lines here we can establish a very harmonical analysis with a frequent respect of the major pivot points as you can see, so please share with me your thoughts
NASDAQ:MSFT By starting the median line at a low point in December of 2018, you can see Microsoft continuing on an upward pattern through the first half of 2019. Then in August 2019, it seems $MSFT ended up with a bulging disc. It ran right out of Andrew's pitchfork, then it circled around until popping back into the channel on February 4th. Why the heck did...
Because of the quick move between A-B, I have created the modified schiff fork to the downside, which is showing good frequency as marked with the arrows to the downside. This could very well be the controlling fork to the downside.
Price hit WL2 and fell which is not supprising as it has hit before and with good reaction. We have now dropped back into the downward pink fork and are following the frequency there. I would not be suprised if price wint up to the blue WL1 and then fell more perhaps to 2450 or lower
Price is still resting on the sliding parallel, trying to push higher, but if we break the sliding parallel, we should see 2451and possibly lower. We must get a push higher from here.