The weekly chart of Microsoft (MSFT) is showing a potential Double Top formation, a classic sign that bullish momentum might be losing strength.
🔹 Bullish Scenario: As long as the price stays above the blue neckline, the uptrend remains intact. Buyers are still in control, and a clear breakout above the recent highs could trigger a move into new all-time highs.
🔹 Bearish Scenario: If the price breaks below the neckline, it could confirm the Double Top setup and open the door for short opportunities.
MSFT is standing at a critical decision point, will the stock continue its strong rally, or is this the first sign of exhaustion before a larger pullback?
💬 What do you think, are we about to see another breakout, or is the beginning of a deeper correction?
🔹 Bullish Scenario: As long as the price stays above the blue neckline, the uptrend remains intact. Buyers are still in control, and a clear breakout above the recent highs could trigger a move into new all-time highs.
🔹 Bearish Scenario: If the price breaks below the neckline, it could confirm the Double Top setup and open the door for short opportunities.
MSFT is standing at a critical decision point, will the stock continue its strong rally, or is this the first sign of exhaustion before a larger pullback?💬 What do you think, are we about to see another breakout, or is the beginning of a deeper correction?
Trade attivo
We are seeing a pullback after the clear break of the neckline. This is a new opportunity to short, but take care because MSFT is such an amazing bull stock!
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⚡ Trading is not about luck or patience. Is about skills and knowledge. ⚡
I share my ideas, returns and knowledge here:
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🤝 Business contact: info@topchartpatterns.com
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📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.