Mastercard Inc. (MA) – Daily Chart
MA Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave 3 of (5)
Direction: Upside in 3
Details: A potential bottom near $500 may have marked the end of wave 2. If so, wave {i} of 3 could now be emerging. Alternatively, wave (5) might have already ended, implying a deeper correction could follow.
Daily Chart Overview:
Mastercard Inc. (MA) may be in the early stages of a new bullish move. The Elliott Wave outlook identifies a possible low around $500 that could complete wave 2, setting up the foundation for wave 3 of (5). Initial indications show wave {i} in progress. If confirmed, this structure would indicate a continuation higher. However, an alternative count suggests that wave (5) might be complete at the recent high, hinting at the potential for further downward movement if confirmed.
Mastercard Inc. (MA) – 1H Chart
MA Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave (v) of {i}
Direction: Upside in wave v
Details: Wave (v) of {i} appears close to completion. A pullback into wave {ii} may follow. Alternatively, this could be wave {b} of 2 within a double correction if Minor wave 2 is still developing.
1H Chart Overview:
In the short term, Mastercard is likely approaching the end of wave (v) of {i}. This would be followed by a corrective wave {ii}. However, if Minor wave 2 remains incomplete, the current move could represent wave {b} of 2 in a complex correction. Traders should stay alert and wait for confirmation of either wave {ii} or an extended corrective setup.
Technical Analyst: Alessio Barretta
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