MicroStrategy Inc. (MSTR) Elliott Wave Analysis – Trading Lounge Daily Chart
MSTR Elliott Wave Technical Overview
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (iii) of {iii}
DIRECTION: Uptrend continuing in wave (iii)
DETAILS: Latest breakout confirms bullish momentum into wave (iii).
The daily Elliott Wave analysis for MicroStrategy Inc. (MSTR) reveals a clear impulsive pattern aligning with a strong bullish trend. The stock has moved decisively into wave (iii) of {iii}, a phase known for increased upside acceleration within Elliott Wave theory. This progression signals sustained buying interest and reinforces the possibility of continued upward price movement. The ongoing motive wave highlights structural clarity, further validating the current uptrend in MSTR.
MicroStrategy Inc. (MSTR) Elliott Wave Analysis – Trading Lounge 1-Hour Chart
MSTR Elliott Wave Technical Overview
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave iv of (iii)
DIRECTION: Potential bottom in wave iv
DETAILS: Imminent upward move expected in wave v of (iii).
In the 1-hour Elliott Wave outlook for MSTR, the stock is seen forming wave iv of (iii), with signals pointing to a potential bottom. The impulsive pattern remains valid and incomplete, suggesting an upcoming move higher in wave v of (iii). With bullish momentum intact and technical structure aligning with an Elliott impulse, the short-term trend remains positive. Traders should monitor for confirmation of the next upward leg in this ongoing bullish wave sequence.
Technical Analyst: Alessio Barretta
Visit: TradingLounge.com for detailed analysis and market updates.
Previous: Apple Inc. (AAPL) Elliott Wave Technical Analysis
VALUE Offer - Buy 1 Month & Get 3 Months!Click here
Access 7 Analysts Over 200 Markets Covered. Chat Room With Support
