MicroStrategy Inc. (MSTR) Elliott Wave Analysis Trading Lounge 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: Wave (iv) is nearing completion, after which an upward movement is expected to finalize the five-wave structure, completing Minute wave {v} and targeting levels around $500.
MSTR Elliott Wave Technical Analysis – Daily Chart
The daily chart analysis indicates that wave (iv) of {v} is ongoing. A corrective pullback is anticipated to conclude wave (iv), allowing the stock to resume its upward momentum. This upward movement is projected to complete Minute wave {v}, with a potential target around $500. Once wave (iv) is complete, the final leg of the impulsive five-wave sequence is expected to unfold, marking the culmination of the current trend.
MicroStrategy Inc. (MSTR) Elliott Wave Analysis Trading Lounge 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: Wave b is in progress and may develop into a triangle or a sideways correction. A subsequent downward leg in wave c is anticipated, targeting the 0.618 Fibonacci retracement or the equality of wave c vs. wave a around $300.
MSTR Elliott Wave Technical Analysis – 1H Chart
The 1-hour chart reveals that wave (iv) is still forming, with wave b nearing completion. This phase may evolve into a triangle pattern or a lateral corrective structure. Following the conclusion of wave b, a downward move in wave c is expected. The likely target lies near the 0.618 Fibonacci retracement or the equality of wave c vs. wave a, around $300. This phase would signify the end of the corrective wave before the stock resumes its upward trajectory in wave {v}.
Technical Analyst: Alessio Barretta
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