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Microsoft Corp., Elliot Wave Analysis

1/9/2023 10:26 AM

A fall is possible.

On the daily chart, the third wave of the higher level 3 formed, and a downward correction develops as the fourth wave 4. Now, the wave (C) of 4 is developing, within which the first wave of the lower level 1 of (C) has formed, a local correction has ended as the second wave 2 of (C), and the third wave 3 of (C) is developing. If the assumption is correct, the price of the asset will fall to the area of 205.00–181.80. In this scenario, critical stop loss level is 246.43.

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