There goes microsoft đź’Ą

There goes Microsoft Msft :boom:

Where? Looks fine to me

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It will crash :boom:

Sold
Entry 424.92

Where are you getting your price, it’s showing 426.20

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On pepperstone you can trade stocks now 24 hours
So this
Msft Symbol looks like this

Msft.us-24

Told ya I was a genius

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I’m all for building self-confidence, regardless if you are a genius or not :index_pointing_at_the_viewer:

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You were right, it dropped a bit. It’s now at $417.49. Are you still holding?

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Yep still holding

Yeah way in profit

Now the system is complete
Cracked gold
And now the stock market

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MSFT could be interesting over the next few weeks. Looking at the weekly chart we are closing in on what could be a big move in either direction:

If this long term H&S plays out then we will see a massive breakdown. If not, then the sky is the limit.

So in summary, price will either go up, or down, lol.

Congrats!

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It will continue to come down will hold this for weeks or until I want to take profit
There will be others

Thanks Matty :+1:

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My bias will be bullish until the charts give me a reason not to be.

Good luck!

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,You too , my system is always improving

Msft will collapse

Good luck

Good call there mate! My analysis says the same and not only MSFT but Apple, Google, Meta, Health Care, Real Estate and more, basically a broader decline in risk assets. :grin:

I often find that combining different classes of indicators (trendlines + Support/Resistance + moving averages + oscillators) with differing TA theories (Elliot waves + cycles theory) can help eliminate a lot of uncertainty.

For example in the chart above, price fell out of the long term upward channel (trendline) going back to Oct '22. I use the red and yellow SMAs to measure cycles (cycle theory) as well as momentum (oscillator).

I use my own tweaked version of cycles theory but overlaying the cycles with Elliot Waves illustrates it pretty well. Basically price made a lower low after falling out of the upward channel forming the corrective (A) wave.

We also have an unconfirmed (B) wave, which will be confirmed when the red moving average turns down.

Now with a bit of imagination, we extrapolate what the future would look like:

A weekly close below the dashed yellow support line (Support / Resistance) would complete the H&S pattern and increases the odds of price moving below the long term yellow SMA indicating a change in long term momentum (oscillator). That will more than likely turn the red SMA down confirming the (B) correction wave as price will then travel down forming the corrective (C) wave which in turn will probably bend the long term yellow SMA down confirming a long term bear market.

While we can never be 100% certain, the odds favor a long term decline. What will make me reassess my view is if price moves above the (B) wave high @ $441.85

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Thankyou :+1::+1::+1::+1::+1:

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This doesn’t do much for me. Unless there’s something to back it up (other than “my system”), it’s merely a baseless assertion. It did spark a good conversation though, so there’s that.

This, however:

Separates amateur analysis (me) from professional analysis.

It’s amazing how a couple of lines on a chart can change a perspective from bullish to bearish. My channel skipped over some lows, incorporating your Wave B within it, and I did not account for that (slightly) lower low (A) as well as price failing to make a higher high, which can be a strong sign of a trend reversal.

One thing I didn’t mention was the strong S/R level within my channel:

Great info, @Dollar_McGavin and thanks for sharing your insights.

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I’m here to help . I teach some things , in recent posts but I don’t teach or share my stock system or my gold system

Hope you got out of that buy :+1:

It will crash to oblivion

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I certainly did. Looks like she’s steadily going down.

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