Momentum Shift After 405 failed reclaim Now in Price DiscoveryMicrosoft CorporationBATS:MSFTMartinChouTradeAs I mentioned in my previous post, losing 405 would shift the short term momentum. The weekend tariff news simply acted as the catalyst for the breakdown. There were some signs of absorption, but it wasn’t strong enough. That’s why multiple confirmations and a clear invalidation level are always important. Let the market confirm instead of predicting blindly. Price is now entering a new VP area. Typically that leads to one of two outcomes. Either this level gets accepted and builds value, or price snaps back toward prior acceptance around 400. The closest historical S/R is around 377 from March 2025, but I personally don’t like relying too much on levels that are far removed from current structure. I prefer to judge based on present price behavior. The breakdown came on lower volume compared to previous selloffs, but with strong negative VD. To me, this looks more like buyer absence rather than aggressive new selling. Right now price is in discovery mode, which is not the best environment for trading unless you are a long term investor looking to scale in. I only have a small position and am mostly in cash. Patience is key. Let the market reveal its intention before making the next move.