The Pivot Points levels for Microsoft for the U.S. session:
PP: 414.52;S1: 410.44; S2: 405.20; S3: 401.12;R1: 419.76; R2: 423.84; R3: 429.08.
The current level of Pivot Points has formed in the area 414.52. With the market opening below this level, a downward movement becomes more likely. Therefore, intraday priority is given to searching for opportunities to open short positions.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 410.44, S2 405.20, and S3 401.12 levels.
The resistance levels are marked with red and are located at R1 419.76, R2 423.84 and R3 429.08.
The entry points should be considered at the PP level and when the price rolls back to the area of the resistance levels marked with red. The transaction closes when the price reaches the S1, S2, S3 levels.
