MSTR Elliott Wave Analysis Trading Lounge

MicroStrategy Inc., (MSTR) Daily Chart

MSTR Elliott Wave Technical Analysis

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: Flat

POSITION: Wave 4 of (3).

DIRECTION: Downside in wave 4.

DETAILS: Looking for further developments into wave 4. As it stands it could be either a flat correction or a complex correction in Minor wave 4. We are looking for further upside to eventually even break below 300$.

MicroStrategy Inc., (MSTR) 1H Chart

MSTR Elliott Wave Technical Analysis

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: Flat

POSITION: Wave (iii) of {c}.

DIRECTION: Downside into wave {c}.

DETAILS: Looking for further downside into wave {c} as we completed five waves into what appears to be either wave (i) of {c} or else in the complex correction scenario, wave (a) of {y}.

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.

* MSTR Elliott Wave Technical Analysis – Daily Chart*

MicroStrategy Inc. (MSTR) is currently in a corrective phase, unfolding in Minor wave 4 of (3). This wave 4 correction could take the form of either a flat or a more complex correction. We are monitoring for further downside developments, with potential to break below $300, which could signal the continuation of the correction before the final upward leg in wave 5 of (3) begins.

* MSTR Elliott Wave Technical Analysis – 1H Chart*

On the 1-hour chart, MSTR is progressing in wave (iii) of {c}, suggesting further downside within this corrective structure. The completion of five waves within wave (i) of {c} indicates that this could either be wave (a) of {y} in a complex correction or part of a simpler {c} wave. We expect more downside pressure before a potential reversal.

Technical Analyst : Alessio Barretta

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