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TECH Buy 17.02.2020 08:28

Microsoft Corp.: wave analysis

The price may grow.

On the 4-hour chart, the fifth wave of the higher level 5 of (3) develops, within which the wave iii of 5 develops. Now, the third wave of the lower level (iii) of iii has formed, and a local correction is developing as the fourth wave (iv) of iii. If the assumption is correct, after the end of the correction, the price will grow to the levels of 193.00–200.00. In this scenario, critical stop loss level is 176.80.