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MA Elliott Wave Analysis – Trading Lounge Daily Chart,
Mastercard Inc. (MA) – Daily Chart
MA Elliott Wave Technical Analysis

Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave 3
Direction: Upside in Wave 3

Details:

• Mastercard is advancing within Minor Wave 3.
• Price is targeting the lower area of Minor Group 2, around $650, which could act as a significant resistance zone.
• The bullish structure suggests ongoing momentum and potential for a sustained uptrend.

MA Elliott Wave Analysis – Trading Lounge 1H Chart,
Mastercard Inc. (MA) – 1H Chart
MA Elliott Wave Technical Analysis

Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {iii} of 3
Direction: Nearing top of Wave {iii}

Details:

• Mastercard is close to completing Wave {iii} within Minor Wave 3.
• Price is approaching the 1.618 Fibonacci extension of Wave {i}, around $595, which may signal a potential short-term retracement in Wave {iv}.
• Traders should anticipate a pause before the next upward leg begins.

Summary

This Elliott Wave analysis of Mastercard (MA) integrates insights from both the daily and hourly charts. It reflects a strong upward trend in development. The current focus is on the price behavior near the $595 and $650 levels, with key wave completions expected soon. These zones are important for planning the next trading moves, in line with Elliott Wave principles.

Technical Analyst: Alessio Barretta

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