MSFT quick chart reading and a possible scneario that can provide a nice long entry at around 10% discount from the highs.
We're setting up for a repeat of that zigzag trade on MSFT on the ascending channel - if the expected scenario unfolds - bottom fishing season is on :) - need patience.
we look at entery between $322 and $310 .. or we can scale in with an average entry price of ~$315 - somewhere within the next 2-3 weeks - target entry zone marked on the chart for simplicity
the BSI and v.viewer in the lower panels both support that setup
- this is only one of many possible scenarios - not a trade recommendation. we also need to see confirmation of reversal when we reach that bottom level.
please trade carefully and DYOR.
We're setting up for a repeat of that zigzag trade on MSFT on the ascending channel - if the expected scenario unfolds - bottom fishing season is on :) - need patience.
we look at entery between $322 and $310 .. or we can scale in with an average entry price of ~$315 - somewhere within the next 2-3 weeks - target entry zone marked on the chart for simplicity
the BSI and v.viewer in the lower panels both support that setup
- this is only one of many possible scenarios - not a trade recommendation. we also need to see confirmation of reversal when we reach that bottom level.
please trade carefully and DYOR.
