Microsoft would trigger a ‘mechanical’ buy if it falls to the green line (x=433.65), but I suggest paper-trading this one unless you are an expert because the point ‘a’ low is so nebulous. I rate the pattern a middling ‘6.5’ (out of 10). Even so, price action at p, even in lousy patterns, is usually useful for analyzing trend strength. In this case, the initial upthrust that impaled p was sufficiently decisive to imply that d=448.70 is entirely likely to be reached. Will the miserable pisher-of-an-‘a’ change the odds? We’re about to find out.
MSFT – Microsoft (Last:437.35)
