Microsoft Wave 4 Bounce Before Renewed Downtrend

Conviction: 76% · Horizon: 3M · 2026-04-15
Microsoft can rally tactically as a corrective rebound extends toward major retracement levels.

Price reclaimed key moving averages and momentum turned up after a sharp impulsive decline, which supports a tradable rebound as long as support near $380 holds.

Instrument Side Target Reason
MSFT Long 432, 456, 479 A sharp impulsive selloff appears exhausted and the recovery above major moving averages opens room for a reflex rally toward retracement resistance, provided support near $380 remains intact.
The rebound is likely temporary and can set up a stronger bearish continuation in Microsoft.

The broader structure remains bearish, and a completed corrective bounce into resistance could create a favorable setup for a renewed selloff that undercuts prior lows.

Instrument Side Target Reason
MSFT Short If the rebound stalls near major retracement resistance, the dominant bearish trend can reassert itself and drive a fresh leg lower, with prior lows vulnerable to being broken.

Themes

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