The Trust Layer for Market Analysts

The analysis focuses on MSTR's one-hour and four-hour charts. It identifies a risk of a major top formation in November. The analyst still gives bulls the benefit of the doubt, but notes a lack of evidence the correction is complete. It's viewed as a trading/swing trading chart, not for long-term investments, considering it high risk. A fourth wave of a five-wave move potentially bottomed in February, with a messy diagonal pattern upwards. Labelling scenarios include wave 1, wave 2, and a potential wave A of 3, followed by a wave B of 3, with a C wave targeting the $592.41 plus region. Upside targets are based on C wave length, influenced by B wave depth. A break above $349 may signal an uptrend but over $360 area would be an additional confirmation The analysis looks for a five-wave move up and a break above recent highs to confirm a bottom.