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MSFT Long then Short: Wave 2 and Wave 3

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MSFT has completed the first intermediate wave 1 of 3 (blue waves) and now with the last 2 reversal candles, I am expecting it to push up in a wave 2 of 3 before coming down again on a wave 3 of 3.

The Fibonacci retracement levels are references for where the price may be rejected as it moves up in this wave 2 of 3.

The black down arrow is where I think it might be rejected.

I am setting this as a "short idea" even though in the short-term I expect it to move up. Reason being that the bigger trend is down.
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Guessed I'm right.

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