CrowdStrike: Bounce!CrowdStrike Holdings, Inc. Class ANASDAQ:CRWDHKCM_GlobalCrowdStrike has recently staged a noticeable move to the upside, which we classify as merely an internal countertrend bounce. Our primary view places price in a downward phase that should complete the broader correction. The final destination remains the green Target Zone below the $298 support, defined by $114.02 to $33.73. Within this range, the ongoing bearish cycle wave should conclude. That said, it remains conceivable that CRWD has not yet entered its final downward phase and could first establish a new corrective high. This 30% likely alternative scenario could be confirmed if price breaks above the $566.90 resistance, thereby exceeding the correction high assumed in our primary scenario.