microstrategies
The weekly apex is not until ~June (Q2) of this year.
The entire structure is being held by a weekly uptrend marked back in October 2023. Although current price is being held by a weekly support at $460, the uptrend is what important here.
Breaking below the uptrend will result in a drop the following tested supports at $304-$360
A break OUT of the apex will result in a move up to the tested resistance at $711, then $785 if $711 breaks. considering $711 has already been tested there is a chance that it will likely reject hard at $785.
The entire structure is being held by a weekly uptrend marked back in October 2023. Although current price is being held by a weekly support at $460, the uptrend is what important here.
Breaking below the uptrend will result in a drop the following tested supports at $304-$360
A break OUT of the apex will result in a move up to the tested resistance at $711, then $785 if $711 breaks. considering $711 has already been tested there is a chance that it will likely reject hard at $785.
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