MSTR Elliott Wave technical analysis [Video]
|MSTR Elliott Wave technical analysis
Function: Trend.
Mode: Motive.
Structure: Impulsive.
Position: Wave (iii) of {i}.
Direction: Upside in wave {i}.
Details: MSTR appears to be progressing within a five-wave move, aiming to break through its all-time high. This may signal the end of wave {i} of 5 or possibly complete wave 5 itself within a broader bullish cycle.
Function: Trend.
Mode: Motive.
Structure: Impulsive.
Position: Wave v of (iii).
Direction: Top in wave (iii).
Details: The intraday pattern suggests a near-term top in wave (iii) as a five-wave subdivision seems to be unfolding. Price action is approaching the 1.618 Fibonacci extension of wave (i), reinforcing the likelihood of an upcoming wave (iv) correction.
Analyst: Alessio Barretta.
MSTR Elliott Wave technical analysis [Video]
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