Elliott Wave Technical Analysis: Mastercard Inc.

MA Elliott Wave Analysis Trading LoungeMastercard Inc., (MA) Daily ChartMA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 2DIRECTION: Upside in 3 of (3).DETAILS: If the count is correct, we should expect a shallow 2, such as the one we potentially have right now, and continuation higher in what would be a third of a third which is often characterized by a strong impulsive look.MA Elliott Wave Analysis Trading LoungeMastercard Inc., (MA) 1H ChartMA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {i} of 3.DIRECTION: Upside {i}.DETAILS: Here’s the possible flat in wave 2 which found support on top of TradingLevel5 at 500$. As long as 500$ holds we should expect continuation higher.This Elliott Wave analysis for?Mastercard Inc., (MA) examines both the?daily?and?1-hour?charts to assess its current market trend, utilizing?Elliott Wave Theory?to anticipate potential future movements.* MA Elliott Wave Technical Analysis – Daily Chart*The?daily chart?shows that Mastercard is likely in?Minor wave 2?within a larger impulsive structure. If this count holds, the corrective phase should be shallow, allowing for a strong continuation higher in?wave 3 of (3). Wave 3 of a third wave is often characterized by strong momentum, and further upside is anticipated from this point.* MA Elliott Wave Technical Analysis – 1H Chart*On the?1-hour chart, MA appears to have completed a flat correction in?wave 2, with?wave {i}?now moving higher. Support was found at?$500, which aligns with?TradingLevel 5. As long as this support level holds, the expectation is for continued upside action in?wave {iii}.Technical Analyst : Alessio BarrettaMore By This Author:Elliott Wave Technical Analysis: Vechain Crypto Price News – Monday, Nov. 4
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