MSTR Elliott Wave Analysis Trading Lounge

MicroStrategy Inc., (MSTR) Daily Chart

MSTR Elliott Wave Technical Analysis

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$.

MicroStrategy Inc., (MSTR) 1H Chart

MSTR Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: 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$.

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*

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 – 1H 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.

Technical Analyst : Alessio Barretta

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