MSTR is looking really ugly here. We've broken down out of a head and shoulders with the top of the head rejecting the resistance at $197.
How low will we go?
My base case is $88, but there's potential that we could see a much larger move than that. You can see Ichimoku is foreshadowing the bearish move with the red cloud at the June 10th pivot.
I've marked off all of the key levels to the downside.
The only bullish scenario from here is breaking the $197 resistance.
How low will we go?
My base case is $88, but there's potential that we could see a much larger move than that. You can see Ichimoku is foreshadowing the bearish move with the red cloud at the June 10th pivot.
I've marked off all of the key levels to the downside.
The only bullish scenario from here is breaking the $197 resistance.
Nota
I ended up getting out of my puts and flipping long here for a potential retest of $197
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.