Microsoft Inc. (MSFT) Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

Microsoft Inc. (MSFT) – Elliott Wave analysis

Function: Counter-Trend.
Mode: Corrective.
Structure: ZigZag.
Position: Wave {iv} of C.
Direction: Further downside in wave C.

Details:

Currently in Minor wave C. Only three waves identified so far. A pullback in wave {iv} of C suggests the correction is not yet over. More downside expected following the completion of this pullback.

Microsoft Inc. (MSFT) – Elliott Wave analysis

Function: Counter-Trend.
Mode: Corrective.
Structure: ZigZag.
Position: Wave (c) of {iv}.
Direction: Upside potential into wave (c).

Details:

Wave (b) may be complete. Target for wave (c) based on equality with wave (a) is $400. This may mark the end of wave {iv} before further decline continues.

This dual-timeframe Elliott Wave analysis of Microsoft (MSFT) offers both a short-term and intermediate-term view. It provides valuable insight into the current corrective phase and helps traders position accordingly.

Microsoft Corporation (MSFT) – Market analysis brief

Microsoft Corporation (MSFT) is undergoing a corrective phase based on Elliott Wave Analysis. On the daily chart, the stock is currently progressing through Minor wave C, with a visible pullback in wave {iv}, suggesting that the corrective sequence is not yet complete and further downside in wave {v} may follow.

On the 1-hour chart, the focus is on an upward move in wave (c) of {iv}, as wave (b) appears to have finished. The projected target for wave (c), using equality with wave (a), stands at $400, potentially marking the end of wave {iv} before resumption of the downward trend.

This multi-timeframe analysis provides both short-term and intermediate-term insights, helping traders anticipate key turning points and align strategies with the ongoing market correction.

Microsoft Inc. (MSFT) Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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