MA Elliott Wave Analysis for Mastercard Inc. (MA)
This Elliott Wave analysis for Mastercard Inc. (MA) assesses the current market trend using both the daily and 1-hour charts. By applying Elliott Wave Theory, we aim to forecast potential future movements.
MA Elliott Wave Analysis – MA Stock Tradinglounge Daily Chart
Mastercard Inc. (MA) Daily Chart Analysis
MA Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Minor wave 3
Direction: Upside within wave 3
Details: Anticipating further upside within wave 3, which could extend.
META Elliott Wave Technical Analysis – Daily Chart
On the daily chart, Mastercard Inc. (MA) is in an impulsive mode, advancing through Minor wave 3. The wave is expected to continue upward, and there is a possibility of an extension in this wave.
An extended wave 3 often indicates strong bullish momentum, which means Mastercard may push to new highs, potentially breaking significant resistance levels. The overall impulsive structure supports higher prices in this trend.
MA Elliott Wave Analysis – MA Stock TradingLounge 1-Hour Chart
Mastercard Inc. (MA) 1-Hour Chart Analysis
MA Stock Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Minute wave {v}
Direction: Upside in wave {v}
Details: This chart shows an alternative count, indicating a five-wave move within Minor wave 1.
META Elliott Wave Technical Analysis – 1-Hour Chart
On the 1-hour chart, Mastercard Inc. is within Minute wave {v}. The current wave count suggests an alternative scenario where wave {v} is part of a five-wave sequence within Minor wave 1. While this implies that the end of this wave is near, additional bullish movement could occur before a larger correction takes place.
As wave {v} completes, traders should monitor resistance levels for signs of exhaustion. However, the broader structure supports continued upward momentum within the larger impulsive trend.
Technical Analyst: Alessio Barretta
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
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