Claude Opus 4.8 · elliot-wave-analyst-v4beta4-slim (v4.0-beta4-slim) · Report generated Saturday, 27 June 2026, 22:45 EEST
Overview
Last close: $701.09 (26 June 2026). Primary count: CrowdStrike is in a Primary-degree bull and set a fresh all-time high at $785.66 (1 Jun 2026); the pullback to ~$661 reads as a Minor/Intermediate (4) within the advance, with price well above a rising SMA-200 ($495.98). Above the SMA-200 the uptrend holds; a final push to new highs is favoured while $616-$681 support holds.
2 · Forecasts
Scenario
Direction
Next wave (degree)
T1
T2
T3
Invalidation
Prob.
Wave (4) then (5) up
Bullish
(4) hold then (5) up
$720
$786
$820
$342.72
50%
Deeper pullback then up
Bearish
(4) deeper then (5)
$681
$616
$786 (later)
$342.72
30%
Larger top forms
Bearish
Intermediate correction
$616
$564
$480
$785.66
20%
SMA(18) side note (descriptive only): trend is falling on the short SMA-18 (the active pullback) yet the last two daily bars' highs are above it; price is well above the rising SMA-200 ($495.98). This note does not affect the wave count or scenario probabilities.
3 · Executive Summary
Wave position: Minor/Intermediate (4) pullback after the 1 Jun 2026 all-time high ($785.66) within a Primary bull.
Key signal: Price is well above a rising SMA-200 ($495.98) with RSI ~61 - a strong uptrend in a normal pullback, not a reversal.
Top target: Holding $616-$681 sets up a final push toward $786 then $820.
Biggest risk: A break below $564 (50% of the up-leg) would warn of a larger top.
Confidence: Medium-high - trend and momentum are bullish; the main caveat is the steep prior advance and stretched valuation backdrop.
4 · Current Position in the Cycle
CrowdStrike remains in a Primary-degree bull. It set the all-time high of $785.66 on 1 Jun 2026 and has since pulled back into the $660-$712 area. The current direction is a corrective pullback (Minor/Intermediate (4)) within the advance, with price well above the rising SMA-200; a final wave (5) to new highs is favoured while support holds.
Degree-hierarchy
Label / status
Primary bull (active)
In progress - uptrend off the 2024/2025 lows
Intermediate (3) high
ATH $785.66 (1 Jun 2026)
Intermediate (4)/pullback (current)
In progress - down from $785.66
Support / SMA-200
$495.98 (rising)
Intermediate (5) (expected)
Up toward / above $785.66 (~$820)
Confidence rationale: Price well above a rising SMA-200, a clean impulse into the ATH, and a shallow pullback support a fourth-wave correction within the bull. Counter-evidence: the advance has been very steep, so a deeper (4) toward $564-$616 - or a larger top - is possible before new highs.
Alternate count (20%): the $785.66 high completed a larger advance and the decline is the start of a deeper Intermediate correction toward $480-$564; a more bearish variation. Invalidation of the larger-top case: a daily close back above $785.66.
5 · Current Wave Analysis
The active wave is a Minor/Intermediate (4) pullback from $785.66. The 23.6-38.2% band ($681-$616) is the expected support zone; holding it sets up a final wave (5) higher.
Item
Reading
Up-leg (4 low -> ATH)
$442.94 ($342.72 -> $785.66)
Retrace band (of the up-leg)
23.6% $681.13 / 38.2% $616.46 / 50% $564.19
SMA-200 (trend anchor)
$495.98 (rising)
Wave (5) target (after the dip)
new highs ~$820
Invalidation-down
$342.72 (Feb 2026 (4) low)
Wave-Pivot Indicator Table
Pivot
Date
Price
RSI_14
UO
Volume
Read
Intermediate (4) prior low
2026-02-23
$342.72
oversold
low
elevated
Launch of the up-leg
Intermediate (3)/ATH
2026-06-01
$785.66
overbought
high
spike
All-time high
Pullback low
2026-06-18
$660.92
~55
~50
steady
Support test near 23.6%
Recent high
2026-06-22
$712.18
~60
~52
steady
Bounce within the (4)
Current bar
2026-06-26
$701.09
60.7
52.2
-
Constructive above SMA-200
Invalidation: a daily close below $564 warns of a larger top; a close back above $785.66 confirms a new ATH. The bull is void only below $342.72.
6 · Multi-Timeframe Confluence
Layer
Timeframe
Current wave
Direction
Bias
Key support
Key resistance
Alignment
Macro
Weekly
Primary bull
Up
Bullish
$564 / $496
$786
✓
Primary
Daily
Intermediate (4) pullback
Down (pullback)
Neutral-bull
$681 / $616
$712 / $786
✓
Intermediate
1-Hour
Pullback / bounce
Up
Bullish
$660.92
$712.18
✓
Minor
30-Minute
Micro up-leg
Up
Bullish
$669.00
$704.84
✓
Precision Layer Signals (1-Hour / 30-Minute)
Setup
Entry zone
Target
Stop
Confirmation
Dip-buy (with trend)
$661-$681 hold
$786 / $820
$616
1h close > $712.18
Breakout add
close > $785.66
$820 / $860
$680
daily close > $785.66
Alignment narrative: Weekly and daily trends are bullish; intraday shows a normal pullback turning back up. Dips are bought while price holds above $616 and the SMA-200; a daily close above $785.66 opens new highs.
7 · Waves — 1-Hour
Wave
Start
End
Start price
End price
Up-leg into ATH - up
2026-05-15 09:30
2026-06-01 15:30
$560.69
$785.66
Decline - down
2026-06-01 15:30
2026-06-09 12:30
$785.66
$617.75
Bounce - up
2026-06-09 12:30
2026-06-22 09:30
$617.75
$712.18
Pullback - down
2026-06-22 09:30
2026-06-24 14:30
$712.18
$669.00
Bounce (in progress) - up
2026-06-24 14:30
-
$669.00
-
8 · Waves — Daily
Wave
Start
End
Start price
End price
Primary bull - up
2025-04-07
2026-06-01
$298.00
$785.66
Intermediate (3) - up
2026-02-23
2026-06-01
$342.72
$785.66
Intermediate (4) - down (in progress)
2026-06-01
-
$785.66
-
Pullback low
2026-06-01
2026-06-18
$785.66
$660.92
9 · Waves — Weekly
Wave
Start
End
Start price
End price
Primary bull (off 2024 low) - up
2024-08-05
2026-06-01
$200.81
$785.66
Intermediate (3)/ATH
2026-02-23
2026-06-01
$342.72
$785.66
Intermediate (4) - down (in progress)
2026-06-01
-
$785.66
-
10 · Disclaimer
This report is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Elliott Wave analysis is subjective and multiple valid counts may coexist. Past patterns do not guarantee future results. Always do your own due diligence and consult a licensed financial advisor before making investment decisions.