$MSFT TOP 20
Added 2024-05-12 18:48:13 +0000 UTC$MSFT just finished the week at its 50 Day MA and the 0.618 Fib red line at $414.
It is showing also that it hasn't decided on its direction next either until the important economic data gets released this week but I have both the impulse case moving higher to $456 and the correction as before, with Wave A moving to the 200 Day MA.
Bulls caught the $388 level by $1 at the end of April, losing $388 and this was on a fast track route to the 200 Day MA but they stepped in with the market for a relief bounce.
Comments
You are right on your first assumption, all relative to their extended position 5.
Gareth Neary
2024-05-12 18:57:35 +0000 UTCIf all these mega caps go to their extended wave 5 position, do we then expect the ABC correction to only move down to the fib levels relative to that extended position 5, or could the correction be more harsh than that and drop down to where you had them marked in the original plan? An explanation to this question would be good in the learning chat imo. Thanks Cap
Jesse Gaffey
2024-05-12 18:54:25 +0000 UTC
