MSTR Trading Close To Support Based on Elliott wave and Cycles

MicroStrategy has seen a strong uptrend since the December 2022 lows, but over the last year the market has been in a retracement phase. It appears that this could be another A-B-C setback within a higher-degree wave four, where subwave C could potentially retest the 200 area, or even extend toward the deeper 132 support. That level also aligns with the February 2021 high, making it an important zone to watch.

Cycle-wise, it looks like we’re currently in the middle of a full cycle, suggesting that the correction could be moving into second half of this retracement, and may come to an end within the next few months. Ideally, we could then see a new turn higher in 2026, continuing the broader bullish trend.

Highlights:
Trend: Corrective pullback in wave four
Support: 200 / 132
Cycle View: Mid-cylce; possible new rebound early 2026
Note: Structure fits within a broader five-wave bullish sequence, with strong long-term trend intact


GH