Strategy Inc
Long

$MSTR: AB = CD is around $145

144
MSTR completed Wave [III] in Nov 2024 and has been in Wave [IV] correction since. Elliott Wave theory states that often the correction will enter the zone of Wave 4 of one lesser degree, i.e., Wave III-Wave IV area of Wave [III]. This corresponds to $200 in March 2024 and $102 in August 2024 (a 50% drop for Wave IV!).

Presently, MSTR at $172 already entered the top of that zone., AB = CD for the flat correction gives $145, which is right in the middle of this zone. $145 also is just above the 78.6% retracement.

This count is invalidated if MSTR drops below Wave [I] top achieved in Feb 2021 at $131.50.

I don't believe MSTR will drop below $131.50 but hitting AB = CD at $145.84 is likely, which would probably correspond to BTC = $78K.

I don't own MSTR and don't plan to trade this name. If BTC drops to $78K, I plan to add to my position.

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