Microsoft has an unfinished bullish impulse

Gregor Horvat Wavetraders

Microsoft with ticker MSFT is already back to all-time highs in an impulsive price action, but it has an unfinished bullish cycle, so there’s no top until we see a completed five-wave rally. We can see it currently just making a higher degree wave 4 correction that can retest 320 – 300 support zone before the uptrend for wave 5 towards 400 area resumes.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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