MASTERCARD INC.: WAVE ANALYSIS

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MASTERCARD INC.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point472.29
Take Profit510.00, 530.00
Stop Loss449.50
Key Levels359.50, 415.30, 449.50, 510.00, 530.00
Alternative scenario
RecommendationSELL STOP
Entry Point449.45
Take Profit415.30, 359.50
Stop Loss460.85
Key Levels359.50, 415.30, 449.50, 510.00, 530.00

The price is in a correction and may grow.

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 5 of (5) forms. Now, the third wave of the lower level iii of 5 has ended, and a local correction is ending as the fourth wave iv of 5. If the assumption is correct, the asset will grow to the area of 510.00–530.00. In this scenario, critical stop loss level is 449.50.

MASTERCARD INC.: WAVE ANALYSIS

MASTERCARD INC.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 449.50 with the targets at 510.00–530.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 449.50 will let the asset go down to the area of 415.30–359.50.


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