Emerging Channel Down pattern in its final wave was identified on the MSFT 4 hour chart. After a strong bullish run, we find MSFT heading towards the upper triangle line with a possible resistance at 436.0746. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
After testing the resistance line numerous times, MSFT is once again approaching this line. Can we expect a bullish trend to follow?
