MSTR is still trading below the 150 level of interest after continuing the breakdown. Price has not come back for a clean backtest yet, so 150 stays on the chart as a major level bulls will eventually need to reclaim. Watching for a wave 5 completion here.
Key levels I’m watching:
• 150 = major reclaim / backtest level
• 136 = important bull pivot
• 123 / 120 = first level bulls need to reclaim
• 100 = key sweep zone and possible wave 5 completion area
• 88.5 = next downside level if 100 breaks clean
For the bullish side, I would want to see a sweep near 100 turn into a bear trap or swing failure pivot, followed by reclaim behavior back through 123 and then 136.
For the bearish side, as long as price stays below 136, any bounce can still be corrective. A move into 122 / 123 could simply be a smaller wave 2 before another push lower.
If 100 breaks clean with no reclaim or trap, 88.5 becomes the next major downside area I’m watching.
Trade safe, trade clarity.
Key levels I’m watching:
• 150 = major reclaim / backtest level
• 136 = important bull pivot
• 123 / 120 = first level bulls need to reclaim
• 100 = key sweep zone and possible wave 5 completion area
• 88.5 = next downside level if 100 breaks clean
For the bullish side, I would want to see a sweep near 100 turn into a bear trap or swing failure pivot, followed by reclaim behavior back through 123 and then 136.
For the bearish side, as long as price stays below 136, any bounce can still be corrective. A move into 122 / 123 could simply be a smaller wave 2 before another push lower.
If 100 breaks clean with no reclaim or trap, 88.5 becomes the next major downside area I’m watching.
Trade safe, trade clarity.
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Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.