Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Microsoft Corp. ($MSFT). The rally from 6.03.2024 low at $408.93 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 7 swings and find buyers again. We will explain the structure & forecast below:
7 Swings WXY correction
$MSFT 1H Elliott Wave Chart 6.14.2024:
Here is the 1H Elliott Wave count from 6.14.2024. We expected the pullback to find buyers at the blue box area at 437.91 – 434.54 in 7 swings.
$MSFT 1H Elliott Wave Chart 6.14.2024:
Here is the next 1H update taking place within the same day, showing the bounce taking place as expected. The stock reacted higher from the blue box area allowing longs to get risk free. The stock is expected to trade higher towards $451– 479 before another pullback can happen.
Source: https://elliottwave-forecast.com/stock-market/microsoft-msft-react-blue-box-area-expected/