MSFT Ascending Wedge Fakeout

MSFT had a fake breakout above its major ascending wedge from October 2023. Like I always say, fakeouts typically lead to a hard reversal in the other direction. First downside target for me is $430 or the bottom end of the wedge. If the wedge breaks to the downside, $390-$400 is next.

If it breaks to the upside, I'd be looking for longs on pullbacks to support, such as a retest of that trendline.