Microsoft (MSFT) has minor five waves down from the highs, so apparently we are still in a higher-degree fourth wave that could be a bit deeper, maybe even pulling back to the previous highs around 468 level. This ongoing fourth-wave pullback could then come to an end near the 38.2% retracement. So if you are looking to join this trend, keep in mind that zigzag is not finished yet.
Highlights:
Trend: Fourth wave correction
Support: 468
Note: Potential zigzag before trend resumes
MSFT Daily Chart
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