Microsoft $MSFT Elliott Wave: Calling The Decline After Flat

Elliott Wave Expanded Flat Theory

Elliott Wave Flat is a 3 wave corrective pattern which could often be seen in the market nowadays. Inner subdivision is labeled as A,B,C , with inner 3,3,5 structure. Waves A and B have forms of corrective structures like zigzag, flat, double three or triple three. Third wave C is always 5 waves structure, either motive impulse or ending diagonal pattern. It’s important to notice that in Irregular Flat Pattern wave B completes below the starting point of wave A. Wave C ends above the ending point of wave A . Wave C of Flat completes usually between 1.00 to 1.236 Fibonacci extension of A related to B, but sometimes it could go up to 1.618 fibs ext.

Microsoft $MSFT 4h Hour Elliott Wave Analysis 09.11.2022.

The stock has made 5 waves down from the 294.26 peak and now correcting that cycle. Current view suggests that $MSFT is giving us recovery against the 294.26 peak that is unfolding as Irregular Flat Pattern. When we downgrade charts to lower time frames , we can see waves inner subdivisions of A and B red are having corrective sequences. Wave B has broken the starting point of A while C has broken ending point of A which is characteristic of Irregular flat. Wave C red leg should complete as 5 waves soon. We expect (B) blue recovery to complete around 264.2–267.8 area as Flat structure.

You can learn more about Elliott Wave FLAT and other Patterns at our Free Elliott Wave Educational Web Page

Microsoft $MSFT 4h Hour Elliott Wave Analysis 09.18.2022

Microsoft stock ended (B) blue recovery at 267.39 high and made turn lower as we expected. Eventually the price has broken previous low (A) blue which was important confirmation that bears are taking control. Further weakness is expected in the stock as far as pivot at (B) blue peak( 267.39) holds. Short term cycle from that high completed as 5 waves- leading diagonal. It is labeled as 1 red which is first leg of wave © blue. We expect bounce in 3 waves in 2 red, before further drop takes place.

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