Microsoft: ⬇️ Sell
– Microsoft reversed from resistance zone
– Likely to fall to support level 480.30
Microsoft recently reversed down from the resistance zone located between the key resistance level 511.50 (the upper boundary of the active sideways price range, which stopped the previous impulse wave 3 in late August) and the upper daily Bollinger Band.
The downward reversal from this resistance zone completed the minor wave b and initiated the active short-term wave c of the active wave 4 correction.
Microsoft can be expected to fall further to the next support level 480.30 – lower boundary of the sideways consolidation range and the target for the completion of active wave 4.