MicroStrategy Inc. (MSTR) Elliott Wave technical analysis [Video]

MSTR Elliott Wave Analysis Trading Lounge.

MicroStrategy Inc., (MSTR) daily chart.

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Position: Wave {v} of 3.

Direction: Pullback in (iv) of {v}.

Details: Looking for completion in wave (iv) to then continue higher and complete the five wave move into Minute wave {v} and back towards 500$.

MSTR Elliott Wave technical analysis – Daily chart

The daily chart suggests that wave (iv) of {v} is in progress. A corrective pullback is expected to complete wave (iv), after which the stock should resume its upward trajectory to complete Minute wave {v}, potentially targeting levels around $500. Once wave (iv) concludes, the final leg of the five-wave impulsive sequence will likely unfold.

MSTR Elliott Wave technical analysis

Function: Trend.

Mode: Impulsive.

Strucutre: Motive.

Position: Wave (iv) of {v}.

Direction: Downside in wave c of (iv).

Details: Looking for completion in wave b which could turn out to be a triangle or else just a sideways correction, to then expect another leg lower in wave c towards 0.618 or equality of c vs. a at around 300$.

MSTR Elliott Wave technical analysis – One-hour chart

The 1-hour chart indicates that wave (iv) is still in progress, with wave b nearing completion. This could potentially form a triangle or a sideways correction. Once wave b completes, the expectation is for another leg lower in wave c, targeting around the 0.618 Fibonacci retracement or equality of wave c vs. wave a near $300. This final leg down would complete the corrective phase before the next upward move in wave {v} begins.

This analysis focuses on the current trend structure of MicroStrategy Inc., (MSTR) utilizing the Elliott Wave Theory on both the daily and 1-hour charts. Below is a breakdown of the stock’s position and potential future movements.

MicroStrategy Inc. (MSTR) Elliott Wave technical analysis