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MicroStrategy Inc. (MSTR) – Elliott Wave Analysis – Trading Lounge Daily Chart

MSTR Elliott Wave Technical Analysis

• Function: Counter Trend
• Mode: Corrective
• Structure: Flat
• Position: Wave {c} of 4
• Direction: Downside in Wave {c}
• Details: Expecting a continuation lower in Wave {c}, with an ideal target at $213, aligning with a potential retest of Trading Level 2 at $200.

MicroStrategy Inc. (MSTR) – Elliott Wave Analysis – Trading Lounge 1-Hour Chart

MSTR Elliott Wave Technical Analysis

• Function: Counter Trend
• Mode: Corrective
• Structure: Flat
• Position: Wave (iv) of {c}
• Direction: Downside in Wave (v) of {c}
• Details:
  • Currently in the final stages of Wave (iv).
  • Possible continuation sideways, forming a triangle or complex correction.
  • As long as MSTR trades below $300, further downside in Wave (v) of {c} is expected.

Summary

This analysis examines MicroStrategy Inc. (MSTR) using Elliott Wave Theory on both the daily and 1-hour charts, identifying key market trends and potential movements.

• On the daily chart, Wave {c} is expected to reach $213, potentially testing Trading Level 2 at $200, which may act as support.
• On the 1-hour chart, Wave (iv) is near completion, with a likely continuation below $300 before Wave (v) of {c} completes.

Traders should monitor these key levels for potential confirmations or reversals.

Technical Analyst: Alessio Barretta

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