How we saw CrowdStrike (CRWD Stock) and what to expect in coming months
Premium|Take advantage of 60% OFF on your first month.
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
You have reached your limit of 5 free articles for this month.
BLACK FRIDAY SALE! 60% OFF!
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
CLAIM OFFERCrowdStrike Holdings, Inc. (CRWD) is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services.
CrowdStrike (CRWD) July 2021 daily chart
On July 22nd, we analyzed CRWD showing an structure suggesting that a very important market cycle was near to end; that is, the whole cycle from its foundation in 2011. We were expecting to peak after 5 waves up from 168.67 wave IV low and we provided a blue box area in 271.69 – 303.60 as possible zone to finish this Super Cycle and start a huge pullback.
CrowdStrike (CRWD) November 2021 daily chart
In November, the structure of CRWD had enough swings to think that 5 waves impulse and the Super Cycle had ended. The impulse started with wave I ended at 101.800 on 2019, the wave II pullback finished at 31.95 on March 2020 with the pandemic drop. From there the rally continued and wave III ended at 251.28 and a corrective wave as IV completed at 168.67. In this point, the last push to complete wave V higher began, and as expected CRWD made 5 swings up being the last wave ((5)) of (V) an ending diagonal. The cycle ended at 298.48 inside our possible target area 271.69 – 303.60 and we were expecting a very important drop in the stock.
CrowdStrike (CRWD) December 2021 daily chart
The dip was very strong and in 3 weeks CRWD hit 185.71 losing 37.78%. We change our first view for a possible wxy correction to an abc correction and marked an impulse structure from the top ending wave “a” at 185.71. We suggested a pullback in wave “b” before continuing with the downtrend.
CrowdStrike (CRWD) January daily chart
The corrective wave “b” was small ending at 217.11 and CRWD kept dropping. Therefore, we began to build the next impulse to complete wave “c” the last one of the abc correction and finish the whole correction as wave (II). We were calling one more low to end wave ((1)) and an correction as wave ((2)) to then see further downside in the stock.
CrowdStrike (CRWD) February 12th daily chart
After 3 swings down from wave “b”, CRWD bounced from 150.02 and the rally were stronger that we thought. That made us to return to the original plan of a wxy correction and we labeled the fall in that way, given the end of the wxy structure and wave (II) at 150.02. From here, the rally looks like as a leading diagonal ending the wave (1) at 193.40. Currently, we are developing wave (2) pullback and as we stay above 150.02 we should continue with the rally.
To conclude, there is still a probability to see 3 swings more down in CRWD. That is a ((W)), ((X)), ((Y)) structure from wave “b”. Wave ((W)) could have ended at 150.02 then wave ((X)) ended at 193.40 and we need 3 swings more to complete the fractal and the corrective wave (II). Thus, we are looking to complete wave (2) and continuing with the rally as we stay above 150.02. In case the invalidation level gives up, we could continue down to 110.90 – 126.64 area in 3 swings more and from there resume the rally. This is a nice possibility for a long-term trade in this stock.
CrowdStrike Holdings, Inc. (CRWD) is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services.
CrowdStrike (CRWD) July 2021 daily chart
On July 22nd, we analyzed CRWD showing an structure suggesting that a very important market cycle was near to end; that is, the whole cycle from its foundation in 2011. We were expecting to peak after 5 waves up from 168.67 wave IV low and we provided a blue box area in 271.69 – 303.60 as possible zone to finish this Super Cycle and start a huge pullback.
CrowdStrike (CRWD) November 2021 daily chart
In November, the structure of CRWD had enough swings to think that 5 waves impulse and the Super Cycle had ended. The impulse started with wave I ended at 101.800 on 2019, the wave II pullback finished at 31.95 on March 2020 with the pandemic drop. From there the rally continued and wave III ended at 251.28 and a corrective wave as IV completed at 168.67. In this point, the last push to complete wave V higher began, and as expected CRWD made 5 swings up being the last wave ((5)) of (V) an ending diagonal. The cycle ended at 298.48 inside our possible target area 271.69 – 303.60 and we were expecting a very important drop in the stock.
CrowdStrike (CRWD) December 2021 daily chart
The dip was very strong and in 3 weeks CRWD hit 185.71 losing 37.78%. We change our first view for a possible wxy correction to an abc correction and marked an impulse structure from the top ending wave “a” at 185.71. We suggested a pullback in wave “b” before continuing with the downtrend.
CrowdStrike (CRWD) January daily chart
The corrective wave “b” was small ending at 217.11 and CRWD kept dropping. Therefore, we began to build the next impulse to complete wave “c” the last one of the abc correction and finish the whole correction as wave (II). We were calling one more low to end wave ((1)) and an correction as wave ((2)) to then see further downside in the stock.
CrowdStrike (CRWD) February 12th daily chart
After 3 swings down from wave “b”, CRWD bounced from 150.02 and the rally were stronger that we thought. That made us to return to the original plan of a wxy correction and we labeled the fall in that way, given the end of the wxy structure and wave (II) at 150.02. From here, the rally looks like as a leading diagonal ending the wave (1) at 193.40. Currently, we are developing wave (2) pullback and as we stay above 150.02 we should continue with the rally.
To conclude, there is still a probability to see 3 swings more down in CRWD. That is a ((W)), ((X)), ((Y)) structure from wave “b”. Wave ((W)) could have ended at 150.02 then wave ((X)) ended at 193.40 and we need 3 swings more to complete the fractal and the corrective wave (II). Thus, we are looking to complete wave (2) and continuing with the rally as we stay above 150.02. In case the invalidation level gives up, we could continue down to 110.90 – 126.64 area in 3 swings more and from there resume the rally. This is a nice possibility for a long-term trade in this stock.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.