MA Elliott Wave Analysis Trading Lounge Daily Chart,Mastercard Inc.,() Daily ChartMA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 3DIRECTION: Upside within wave 3.DETAILS: Looking for upside within wave 3 in what could be an extension in wave 3.(Click on image to enlarge)
Mastercard Inc., (MA) 1H ChartMA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute wave {v}.DIRECTION: Upside in wave {v}.DETAILS: Here showing the alternative count in what could be a five wave move within minor wave 1.(Click on image to enlarge)
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 anticipate potential future movements.On the daily chart, MA is in an impulsive mode, currently progressing through Minor wave 3. There is the expectation of upside continuation within wave 3, and there are indications that this wave may experience an extension.This type of structure, where wave 3 extends, often signifies strong bullish momentum. Traders can anticipate that Mastercard may push to new highs as this extended wave develops, possibly surpassing significant resistance levels. The chart is likely targeting higher prices in this trend, supported by the broader impulsive structure.On the 1-hour chart, Mastercard is currently within Minute wave {v}. The current count suggests an alternative scenario in which wave {v} is part of a five-wave move within Minor wave 1. This count implies that, while we are nearing the end of this smaller wave sequence, there could be additional bullish movement before a larger correction takes place.As wave {v} completes, traders should watch for signs of exhaustion at resistance levels. However, the overall structure remains supportive of continued upward momentum within the context of the larger impulsive trend.Technical Analyst : Alessio BarrettaMore By This Author:
Mastercard Inc. Stock Elliott Wave Technical Analysis
