BOOM!! Microsoft rises 5.3% Since @haejin's Analysis on April 22
SUMMARY
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If mutual funds return 3-8% per year; gaining 5.5% in a bit over a month isn't too shabby! For microsoft, the below chart with marked Elliott Waves was posted on April 22nd. While the long term forecast remains the same, today's analysis will focus on the purple waves.
This chart contains on the subwaves of blue 3. These purple waves show that 3 has gone nearly vertical. Is this sustainable? There's gotta be a correction such that purple 4 will likely take place. Would it be a crash scenario? No, just a healthy correction.
Pattern shows a potential for an upward pointing wedge(white lines). This wedge is often a topping process component. Price is likely to roll over into the wave 4 correction which is likey to retrace 0.38 Fib level of the purple 3 length.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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great analysis thanx
Very nice job on this one.
Why would one ever invest in traditional vehicles like mutual funds when you can invest in crypto! It's such a better investment in my opinion. I understand people being risk averse but when you look at the data it's so obvious!
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It's too easy to frame your calls. Perhaps you should set a target date for an update in your initial analysis instead of waiting for the best-looking time to present this. That'll really show what you're made of.
That's really great analysis.. I can use it for next prediction.. Thanks...
Greatful‼︎
Thanks to brother, it will help a lot to move forward
Microsoft is a company with 90% margin it has a very long way to go
Great work @haejin, this will help alot
Thanks for the sharing ....kudos