Microsoft is trading inside a 14month Channel Up.
The MA50 (1d) is supporting since October 6th 2023, which is the same time length as the last Bullish Leg of the Channel Up.
It seems we are in a similar Bullish Megaphone Top formation.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 395.00 (Support 1, which was the target during the previous Channel Up correction).
Tips:
1. The RSI (1d) is also forming an identical Bearish Megaphone as the June-July 2023 top.
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Notes:
Past trading plan:
The MA50 (1d) is supporting since October 6th 2023, which is the same time length as the last Bullish Leg of the Channel Up.
It seems we are in a similar Bullish Megaphone Top formation.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 395.00 (Support 1, which was the target during the previous Channel Up correction).
Tips:
1. The RSI (1d) is also forming an identical Bearish Megaphone as the June-July 2023 top.
Please like, follow and comment!!
Notes:
Past trading plan:
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