Thought on MSFT

Hey guys, I'd like to share with you guys some thoughts on MSFT $Microsoft (MSFT.US)$

On H4, with the price moving within the descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 236.25, which is in line with the 78.6% fibonacci projection to the take profit at 208.8, where the 78.6% fibonacci projection is. Alternatively, the price may rise to the stop loss at 252.14, which is in line with the 23.6% fibonacci retracement .