Microsoft Clear Bearish Elliott Wave Pattern

Microsoft (MSFT) has a clear Elliott five – wave pattern for it’s July to August decline. The subsequent rally off the August bottom is a clear Elliott wave Single Zigzag correction.

This pattern could be complete somewhere near a Fibonacci .618 retracement of the July to August decline.

An important top could made sometime near the next U.S. – FOMC interest rate decision due on 09/18/24.