MSTR could be printing an expanded running flat (3-3-5) here to the upside. An 'ABC' down
(Nov '24 - Feb '26) potentially marks '1' of a 5-wave move down and currently experiencing correction.
1D Chart
On a lower time frame, the wave count makes sense. An ABC up that forms (A) of higher degree followed by a zigzag down that forms (B). And, thereafter a leading diagonal that marks (i) of a 5 wave impulse to the upside.
Price is currently in a 0.618 Golden Window; my anticipated retracement for (C) that could potentially mark '2' of higher degree. If an expanded running flat prints here, the structure suggests strong bearish impetus for the overall trend down and potentially marks the origin of wave '3' to the downside (in this case, where the strongest selling pressure occurs).
If price action retraces beyond (A), then this invalidates the expanded running flat case creating the likely hood of an expanded flat. Good Luck!
-Not Financial Advice-
(Nov '24 - Feb '26) potentially marks '1' of a 5-wave move down and currently experiencing correction.
1D Chart
On a lower time frame, the wave count makes sense. An ABC up that forms (A) of higher degree followed by a zigzag down that forms (B). And, thereafter a leading diagonal that marks (i) of a 5 wave impulse to the upside.
Price is currently in a 0.618 Golden Window; my anticipated retracement for (C) that could potentially mark '2' of higher degree. If an expanded running flat prints here, the structure suggests strong bearish impetus for the overall trend down and potentially marks the origin of wave '3' to the downside (in this case, where the strongest selling pressure occurs).
If price action retraces beyond (A), then this invalidates the expanded running flat case creating the likely hood of an expanded flat. Good Luck!
-Not Financial Advice-
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.