Island Top Reversal in Microsoft

Microsoft could go down to 245 or even further!

Those who have early access to my trading ideas have the chance to perform better.
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Hourly Chart: Crossed below the support line continue to decline after a pullback. ( Bearish )

Daily Chart: Island Top pattern. a strong sign of reversal. ( Bearish )

Weekly Chart: Bearish Engulfing after a Doji. ( Bearish )

Monthly Chart: failure to close above its resistance level. (Neutral-Bearish)

Change in Average Dollar Value of Trades: +8% in the first 4 months of 2021 in comparison to the last 4 months of 2020.

Conclusion: Bearish in May is the most probable scenario. (Price is moving toward 244)

Educational Article:
1- Megaphone or Broadening Pattern:investopedia.com/terms/b/broadeningformation.asp
2-Island Top Pattern: investopedia.com/terms/i/islandreversal.asp
3-Bearish Engulfing:
investopedia.com/terms/b/bearishengulfingp.asp
4-Resistance:
investopedia.com/terms/r/resistance.asp
5- Multi-timeframe Analysis:
investopedia.com/articles/trading/07/timeframes.asp
6- Dollar Volume:
investopedia.com/terms/d/dollar-volume-liquidity.asp

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