MSFT (1H) Update: Structure Still Supports a Bottom Formation

TradingView2026/03/10 08:39

By:TradingView

In my previous analysis of Microsoft Corporation (MSFT), I explored the possibility that the market was completing a corrective structure that could lead to a larger upside move.

MSFT (1H) Update: Structure Still Supports a Bottom Formation image 0

The price action since then continues to respect that scenario.

The recent decline appears to have completed a potential wave C, with price reacting around the 0.786 Fibonacci retracement. This area also coincides with a local support region and the emergence of bullish divergence, suggesting that selling pressure may be weakening.

At the moment, the structure on the lower timeframe shows the early development of a potential impulsive sequence from the lows. While the move is still developing, the key idea remains unchanged.

As long as price does not create a new low beyond the 0.786 retracement, the current wave count suggesting a completed corrective structure remains valid.

If the market continues to build higher lows from this region, the next objective would be a recovery into the unfilled gap area above, with the 0.5 and 0.618 retracement levels acting as potential targets.

This zone may also act as a reaction area where the market decides whether the move evolves into a larger bullish continuation or simply a corrective bounce.

For now, the technical outlook remains constructive, but the 0.786 level is the key invalidation point for the current bullish scenario.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MSFT (1H) Update: Structure Still Supports a Bottom Formation

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