MSFT: Approaching a key area to watch.Microsoft CorporationBATS:MSFTAll_Time_WealthTrend / Structure Price action remains in a clear downtrend (lower highs / lower lows), cascading below prior Fib areas (458 → 429 and lower). Current price is pressing into Fib Extension 3.618 around 381.68, a zone that often triggers short-term mean-reversion bounces. Momentum / Indicators RSI(14) ~21 = deep oversold → selling pressure may be getting exhausted (bounce potential increases). Stoch(9,3,3) is also oversold, supporting rebound odds, but not a reversal until we see a clear turn-up / reclaim. Key Levels (from the Fib on chart) Support: 381.68 (Fib 3.618) Next: 352.33 (Fib 4.236) if 381.68 breaks decisively. Resistance / bounce targets: 429.17 (Fib 2.618) 458.52 (Fib 2.0) 476.66 (Fib 1.618) Two Scenarios 1. Rebound / Mean Reversion If price holds 381–385 and forms a higher low on 1H, Initial bounce targets: 429 → 458 (Fib overhead resistances). 2. Breakdown / Trend Continuation A clean break below 381.68 with a failed retest Opens downside continuation toward 352.33. Confirmation / Invalidation Rebound bias needs: hold above 381–385 + momentum shift (e.g., Stoch turns up, RSI recovers from oversold). Bear continuation strengthens on: sustained closes below 381.68 / failed retest. For educational technical analysis only. Not financial advice.