Analyzing MicroStrategy's Price Action & Impulse Wave Formation

Greetings Everyone,

Happy New Year! To kick off the year with momentum, I've revisited and updated the MSTR chart for fresh insights.

Not financial advice

MicroStrategy (MSTR) is a leading business intelligence and analytics company, well-known for its significant investments in Bitcoin. Its stock price is closely tied to both its core business and Bitcoin's performance, making it an
exciting watch for 2025.

Key Levels:

Near term key levels are highlighted in orange.

Overthrow: A concept in EW theory that explains the momentous break of a uptrend channel which then reverses strongly in the opposite direction often indicating buyer weakness.

Notice the 47.88% draw down since this overthrown candle.

Wishing you all a prosperous year ahead and a fantastic day!

Best regards,
CL
Elliott WaveTrend Analysis

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