MSTR still in wave 4 range

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MSTR Price is still in a wave (IV) which are expected to be long and drawn out, yet shallow which is what we have here. I don’t expect wave (V) to kick in until Bitcoin moves. Wave (V) has an expected of the R3 daily pivot at $1039 but will overextend if Bitcoin does.

Price has fallen out of the lower channel boundary and sitting at the weekly pivot, still above the weekly 200EMA so the outlook us bullish. wave (4) may complete at the 0.236 Fibonacci retracement at $203. For now I am waiting to see what happens before entering but believe good opportunities are setting up.

Safe trading

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