MSFT About to Break after 4 Month Consolidation
Microsoft has yet to reclaim all time highs after it peaked in July at $468. Forming a symmetrical triangle as price is being compressed towards the breakout zone.
Recently price bounced off the support, into the 0.618 and into resistance. Looking for a potential break although there is strong resistance above, or a break down and continuation of the downward trend.
Let's see where this goes.
Recently price bounced off the support, into the 0.618 and into resistance. Looking for a potential break although there is strong resistance above, or a break down and continuation of the downward trend.
Let's see where this goes.
ملاحظة
blasted through resistance #1, lets see if we can hold this zone
ملاحظة
Long trade would look like this
ملاحظة
Would like to see the high next
ملاحظة
Back to entry, retest of the breakout
ملاحظة
Looking at these 2 zones now
أغلقت الصفقة: تم الوصول لوقف الخسارة
stopped out on the move back into the triangle. 
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