MSTR\u00a0Elliott Wave Analysis Trading Lounge Daily Chart<\/a>,<\/p>\n MicroStrategy Inc.,(MSTR) Daily Chart.<\/p>\n FUNCTION:<\/strong>\u00a0Counter Trend.<\/p>\n MODE: <\/strong>Corrective.\u00a0\u00a0<\/p>\n STRUCTURE:<\/strong> Flat.<\/p>\n POSITION:<\/strong> Minute {iv}.<\/p>\n DIRECTION:<\/strong> Bottom in wave\u00a0{iv}.<\/p>\n DETAILS:<\/strong> Looking for a bottom\u00a0in wave {iv} to then continue higher in wave {v} of 1 or else\u00a0there is a case we are in Minor wave 5 and we could be topping in wave (5).<\/p>\n <\/a><\/p>\n MSTR Elliott Wave Analysis Trading Lounge 4Hr Chart,<\/p>\n MicroStrategy Inc.,( MSTR) 4Hr Chart.<\/p>\n FUNCTION:<\/strong>\u00a0Counter Trend.<\/p>\n MODE: <\/strong>Corrective.\u00a0\u00a0<\/p>\n STRUCTURE:<\/strong> Flat.<\/p>\n POSITION:<\/strong> Wave (c) of {iv}.<\/p>\n DIRECTION:<\/strong> Bottom in (c). \u00a0<\/p>\n DETAILS:<\/strong> Looking for an ending diagonal in wave (c) of {iv}to be in place, otherwise we could\u00a0have topped in wave {v} where current wave (b) is and we could be headed lower. \u00a0<\/p>\n Welcome to our latest Elliott Wave analysis\u00a0for MicroStrategy Inc. (MSTR) as of June\u00a018, 2024. This analysis provides an in-depth look at MSTR’s price movements using the\u00a0Elliott Wave Theory, helping traders identify potential opportunities based on current\u00a0trends and market structure. We will cover insights from both the daily and 4-hour charts\u00a0to offer a comprehensive perspective on MSTR’s market behavior.<\/p>\n In our Elliott Wave<\/a> analysis of MicroStrategy Inc. (MSTR), we\u00a0observe a counter-trend corrective pattern characterized by a flat structure. MSTR is\u00a0currently positioned in minute wave {iv}, suggesting a potential bottom in wave {iv}.\u00a0This bottom could lead to a continuation higher into wave {v} of 1. However, there is\u00a0also a scenario where we might be in Minor wave 5, and if this is the case, MSTR could\u00a0be approaching a top in wave (5). Traders should watch for confirmation of the bottom\u00a0in wave {iv} to assess the likelihood of an upward move in wave {v}. This could\u00a0provide strategic entry points if the anticipated trend unfolds as expected.<\/p>\n On the 4-hour chart, MSTR is following a counter-trend corrective mode within a flat\u00a0structure, specifically in wave (c) of {iv}. The analysis<\/a> suggests that we may be forming\u00a0an ending diagonal in wave (c) of {iv}, which often signals the conclusion of the\u00a0corrective phase. Alternatively, if the market has already topped in wave {v} at the\u00a0position of the current wave (b), MSTR might head lower. Traders should be vigilant for\u00a0signs of the ending diagonal being completed in wave (c) of {iv} and watch for potential\u00a0downside movements if the wave {v} top scenario plays out.<\/p>\n Technical Analyst:\u00a0<\/strong>Alessio Barretta.<\/p>\nMSTR Elliott Wave\u00a0technical analysis<\/h2>\n
MSTR Elliott Wave Technical Analysis<\/h2>\n
![\"Chart\"](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/p2-638542953520818824.png\")
<\/a><\/p>\nMSTR Elliott Wave technical analysis \u2013 Daily chart<\/h3>\n
MSTR Elliott Wave technical analysis \u2013 Four-hour chart<\/h3>\n
MSTR Elliott Wave technical analysis [Video]<\/h2>\n