Microsoft’s recent advance from the April low may have completed a five-wave structure. The final move appears to be forming a rising ending diagonal, which typically signals trend exhaustion.
As long as the upper trendline of the diagonal holds, no breakdown confirmation is present. However, a clean break below the lower channel line would open the way for a correction targeting first the $424 level, and potentially the gap zone around $400.
Volume profile is declining, adding technical weight to a possible reversal scenario. Watch for confirmation before acting.
Technical Summary:
⚠️ Rising ending diagonal in wave (5)
🔻 Bearish confirmation only after channel breakdown
🎯 Targets: $424 (initial), $400 (gap zone)
📉 Volume declining = weakening momentum
Chart only – no promotion or non-technical commentary.
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