MSFT Update: Potential ABC Correction

o The weekly chart suggests the completion of a 5-wave impulse to the upside.
o Currently, the price is forming an ABC corrective structure:
o Wave A is complete and has tested the previous demand zone.
o Wave B appears to be forming a rising wedge (bearish continuation pattern).
o Wave C is anticipated to move lower, targeting deeper demand zones (374-360).
o The RSI on the 4H timeframe shows bearish divergence at recent highs, aligning with the corrective wave outlook.

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Disclaimer
This idea is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult a financial advisor before trading. Past performance is not indicative of future results.