Microsoft (MSFT) established a major all-time high on July 31, 2025, at $555.45. Afterward, the stock entered a significant correction that concluded on March 28, 2026, at $356.07. This decline has been classified as wave (II). Since then, the stock has advanced in wave (III). However, it must still climb above the prior peak at $555.45 to eliminate the risk of a double correction. The rally from the wave (II) low unfolded as a five-wave Elliott Wave impulse, which strengthens the probability of continued upside while prices remain above that level.
From the wave (II) low, wave (1) ended at $386.29, followed by a pullback in wave (2) that terminated at $367.05. The stock then extended higher in wave (3), reaching $433.94, as shown on the thirty-minute chart. A subsequent pullback in wave (4) concluded at $404.61. The final advance in wave (5) ended at $445.24, completing wave ((1)). At present, a pullback in wave ((2)) is unfolding to correct the cycle from the March 28, 2026 low. This correction is expected to develop in either three or seven swings before the rally resumes. In the near term, as long as the pivot at $367.23 remains intact, dips should attract buyers in three or seven swings, supporting the case for further upside.
Microsoft (MSFT) 60-minute Elliott Wave chart
MSFT Elliott Wave [Video]
