MSFT - Getting close to major resistance.

MSFT is up 19% over the last month and is now coming to some major resistance.
We have the Double 1.618% levels from the previous 2 highs plus the 61.8% level from the ATH.
The measured ABCD is up just above 300 which is also a major FIB number 3.
We have just gone past equal tops in time.
If its similar to the last retracement then we should be looking at a move back to 250-270.
Big week ahead with a major turn point coming on Tuesday.

Enjoy the week.

Yorum:

After reversing from the Pattern completion area. There has been a nice rally after the earnings report. Its now in the extended levels so waiting for pattern to show to go either long or short.