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MSFT July 2024 Market Top

MSFT July 2024 Market Top

Summary

MSFT stock topped out in early July at the end of an ascending channel. What initially appeared to be a minor correction in the stock price continued into a more significant one after the falling window on 7/17 encouraged an even larger decline over the following days. As the stock attempted to recover in price, it was met with resistance again as it neared the botom of the falling window that formed on the 17th.

Key Patterns

7/9 - Variation of Evening Doji Star 📚

7/17 - Falling Window 📚

7/23 - Gravestone Doji 📚

9/19 - Tweezers Top 📚

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