MA Elliott Wave Analysis – Mastercard Inc. (MA)

This Elliott Wave analysis for Mastercard Inc. (MA) evaluates both the daily and 1-hour charts to identify the current market trend, using Elliott Wave Theory to anticipate potential price movements.

MA Elliott Wave Analysis – TradingLounge Daily Chart

Mastercard Inc. (MA) Daily Chart Analysis

MA Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Minor wave 5

Direction: Potential top in wave 5

Analysis Details:

The daily chart suggests further upside potential in wave 5, as the market may be forming wave {ii} of 5. Alternatively, wave 5 of (3) may have already completed, and the market could be preparing for a larger corrective pullback in wave (4). Key resistance levels will be crucial to validate the dominant Elliott Wave count.

Mastercard Inc. (MA) Elliott Wave Forecast – Daily Chart

MA's impulsive structure indicates that minor wave 5 is still developing. There are two potential outcomes:

• If wave {ii} of 5 is forming, further upside is expected.
• If wave 5 of (3) has completed, a larger corrective pullback in wave (4) may follow.

Monitoring price action near key resistance levels will help confirm the Elliott Wave scenario.

MA Elliott Wave Analysis – TradingLounge 1-Hour Chart

Mastercard Inc. (MA) 1H Chart Analysis

MA Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (b) of {ii}

Direction: Downside into wave (c)

Mastercard Inc. Analysis Details:

On the 1-hour chart, wave {i} seems to have reached a peak, and MA is currently correcting in wave {ii}. We are closely watching wave (b) as it nears completion, anticipating a move lower into wave (c). The increase in volume at the recent top may indicate that an alternate count is in play, suggesting that wave 5 has already concluded and a deeper correction is ahead.

Mastercard Inc. (MA) Elliott Wave Forecast – 1H Chart

In the short term:

• The correction in wave {ii} is still developing.
• If wave (b) of {ii} is complete, a downside move in wave (c) is expected.
• The recent volume spike at the top suggests a possible completion of wave 5, signaling a larger correction could be underway.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Berkshire Hathaway Inc Elliott Wave Technical Analysis

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