Microsoft Corporation ( MSFT ) is currently still extending higher from 3.23.2020 low. The stock reached all time high on 6.11.2020 and ended wave ((3)) at 198.52 high. From there, MSFT did a pullback in wave ((4)) as a Double Three Elliott Wave structure. Down from 6.11.2020 high, wave (W) ended at 186.07 low. The bounce in wave (X) ended at 191.72 high. The stock then extended lower and ended wave (Y) at 183.27 low. The stock has since extended higher from that low. From 183.27 low, wave 1 of (1) has already ended at 185.39 high. Wave 2 pullback ended at 183.50 low. Afterwards, the stock continue to push higher in wave 3. The internal subdivision of wave 3 unfolded as a a 5 waves impulse Elliott Wave structure.
Wave ((i)) ended at 185.52 high and wave ((ii)) ended at 184.01 low. From there, wave ((iii)) ended at 195.58 high and wave ((iv)) pullback ended at 191.46 low. The push higher in wave ((v)) ended at 196.32 high. This 5 waves up ends wave 3 in higher degree. This is then followed by a pullback in wave 4, which ended at 193.24 low. Currently, wave 5 rally is in progress. Wave ((i)) has ended at 196.49 high and wave ((ii)) ended at 194.25 low. As far as pivot at 183.27 low stays intact, expect the dips in 3, 7, or 11 swing to find support and MSFT to extend higher to end 5 waves rally from 6.15.2020 low in wave (1) before doing a bigger 3 waves pullback in wave (2) later.