The bearish outcome shown in the chart goes a step further than can be confidently predicted, but it is supported by the pattern itself. Make no mistake, a further fall to the green line would trigger a ‘mechanical’ buy with excellent odds of success, but only of a limited kind. That implies that a bid there, stop 356.57, is likely to reverse back up to the red line, the 372.25 midpoint Hidden Pivot. Some shares could still be held above it for a play to d=387.92, but I’d suggest taking profits on at least half the position at p. The nearly 8-point stop-loss on entry should be pared down with a camo trigger.
MSFT – Microsoft (Last:371.70)