MSFT – Microsoft Corp.

Updated April 24, 2019

Daily chart: 1.618x Fib-extension reached, which is normally the ideal wave-3 target. It has earnings today so lets see how it reacts here or if it wants to extend. Ideally we see a drop back to $118 before moving higher.

Looks best as if (black) major-5 of (blue) primary-III is underway. On the daily chart below I go over the internal details of this wave.

one degree lower waves than originally shown; end result still the same though
original wave count, which is one degree higher, but means that once wave five (Blue Primary V) ends a large decline will unfold, likely in the form of a flat since wave C2/II was a zig-zag