Price has now bounced from our higher-timeframe demand zone (355–395), which was the primary area I was watching for risk compression.
From a structure standpoint, nothing has changed on the bullish HTF thesis yet.
Going forward, the key condition for me is acceptance above last week’s midpoint. As long as MSFT can close and hold above ~416, I’m comfortable maintaining a bullish bias.
Failure to reclaim and hold that level would shift this into a more neutral / wait-and-see posture rather than an immediate continuation.
This is still a probability tilt, not a certainty — but at current structure, buyers have defended where they needed to.