Microsoft (msft) is consolidating in a trading range between 198.64 (38.2% Fibonacci level) and 217.7 (50% Fibonacci level).
- If it breaks from above, wait for the PULLBACK on the breaking line and BUY at the mentioned point, the next target will be 238.52 (61.8% Fibonacci level).
- If it breaks from below, also wait for the PULLBACK on the breaking line and SELL at the mentioned point, the 1st target will surely be 173.75.
NB: the trading range may last long, what you need to do is only to wait for the breakout of the range, so the arrows aren't showing the exact day when the breakout would occur.
- If it breaks from above, wait for the PULLBACK on the breaking line and BUY at the mentioned point, the next target will be 238.52 (61.8% Fibonacci level).
- If it breaks from below, also wait for the PULLBACK on the breaking line and SELL at the mentioned point, the 1st target will surely be 173.75.
NB: the trading range may last long, what you need to do is only to wait for the breakout of the range, so the arrows aren't showing the exact day when the breakout would occur.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.