William-trading

Microsoft is heading for a wave C down

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NASDAQ:MSFT   微軟公司
Based on price action, we are seeing Microsoft heading for a downside now. First of all, there is a potential double top with two hanging man nearing 78.6% retracement of wave A. Pattern wise, the rising wedge is a key signal of converging and losing bullish momentum, coupled with a bearish RSI divergence.

* If there is a upside, 85.4%-88.6% will be the next selling level.
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