MSFT 1H: Wedge completed at 483.84, third level untouchedMicrosoft CorporationNASDAQ:MSFTAuctionFoundryMSFT, 1-hour. Everything on the chart is drawn by our Classical Auto Chart Patterns study. Nothing here was drawn by hand. Falling wedge, boundaries built from confirmed swing pivots. Completing close 21 Aug 10:30 at 483.84, above the upper boundary. The script's label reads Closed Above. R is the formation height, capped at one daily ATR: 9.44. Levels at 0.25R, 0.5R and 1.0R sit at 486.20, 488.56 and 493.28. Structural invalidation is the opposite boundary, 473.97, 1.04R away. 486.20 was reached 24 Aug 09:30, 488.56 an hour later. 493.28 carries no mark. Last 1-hour close 491.50, between the second level and the third. An unmarked level is not a failure. It means no confirmed bar has traded there yet. 473.97 carries no mark either, so nothing has traded back through the lower boundary in the three sessions since the completing close. What changes the read: a confirmed close below 473.97. The study then clears the level set. Descriptive study, not a signal tool. Nothing here is advice. Charted with Classical Auto Chart Patterns , our own open-source study.