MICROSOFT $MSFT - Mar. 11th, 2024

MICROSOFT MSFT - Mar. 11th, 2024

BUY/LONG ZONE (GREEN): $405.00 - $415.00
DO NOT TRADE/DNT ZONE (WHITE): $400.00 - $405.00
SELL/SHORT ZONE (RED): $394.10 - $400.00

Weekly: Bullish
Daily: DNT, Leaning Bearish
4H: DNT, Leaning Bearish

Wanted to draw up MSFT after seeing the ranging zone on the daily timeframe, figured I might be able to pick a few entries no matter which trend price breaks into. The bullish zone is expanded farther than I typically would have it because of how price is moving in the range and because there have been already been multiple tests to each level. Previous zones are labeled for reference. I would heavily rely on the 1H/15min timeframes for entries, and the Daily/4H timeframes for structure and zones to determine which direction I'm trading in. The weekly timeframe is bullish and the daily obviously has the sideways range as previously stated, but I would lean bearish because of the level breaks and structural breakdowns. The 4H is where I'm mainly looking, there was a strong bearish drop last Tuesday, March 5th. Price dropped from the bullish zone, straight through the DNT zone and right into the bearish zone. Price then tested and rejected the structural zone above (405.00 - 405.50), dropped to the bottom of the bearish zone (target 400.00), then broke back into the DNT area before rejecting the top level (409.30 - 410.10) and dropping back into the previous bearish zone (405.00), which is the current DNT zone (405.00). Although there is a lot of level breaks up and down through each zone, I am leaning bearish on the smaller timeframes due to how price has dropped and then retested as opposed to the bullish counterpart.

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MSFT had strong bullish momentum that pushed the price right through the top of the bullish zone. A new analysis will be published and linked for reference in the future.