MICROSOFT 12h chart. Update to previous article.
Microsoft stumble at the top of the rising wedge getting a strong rejection from the diagonal of resistance.
We might witness a trend reversal. 380 is a key pivot level that might be tested as support in the next days or next week.
In my opinion, I think, Microsoft might copy the price movement of Bitcoin at 69k. Creating new ATH on HTF on low volume with no visible progress.
I might be wrong, but I feel that RR for any long position is very bad on this level. I would opt more for a short swing position.
Line in the send is 380 level. Once this level is lost, bears will get in control and we can expect a strong reversal into the lower support levels.
Daily candle looks like a potential candidate for a shooting star. If that will be the case, a confirmation from tomorrow daily close can trigger a short trade.
Note: Check your broker chart and see the price level difference. This is just my opinion and it is not meant to be a signal or financial advice. Trade safe and manage your risk.
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