We go down as we expected :) now we need a target. but where is our target? target 1 or 2? we should wait and see how it come down.
Ichimoku says that there is no trend. we are under the resistant and 1.618 Fib too. then maybe this is a sideway and it will fall from here.
You can check my parallel channel at one week Analysis. This is only for some details.
You can sell after breakout
0.786 AB = CD beside the candlestick patterns and 1.27 Fib give us a good signal for sell
I drew this parallel channel by Fibonacci. let's sell here :D
This is a parallel channel... nothing more :)
This is a parallel channel but you shouldn't sell on the higher line unless you see the sell alarms from candles.
It seems that all stocks are going to go down ... MSFT can go down too after breakout.
One weak analysis. wait for the long position.
Moving average 200 and 100 are in the one point on the price. We didn't have a pullback for double bottom pattern then it can come back and give us a good position for long.
We have Shooting star and Evening star pattern! We are in the overbought too! Let's get a short position here ;D If you want wait for middle line break.
We are in the PRZ but wait for enough reversal alarms from candles.
I think that we have enough alarms for sell this. you can sell it now or wait for a one bearish candle. Anyway we have a lot of sell alarms at here.
AB = CD pattern was completed and we are in overbought too. First target is on the lower pitchfork parallel line or 0.618 fib retracement
This is really in Overboght under the very strong resistant... I think it will fall from here.
ABC waves was completed by XABCD pattern. this is retracement and we will go down more.