19May

Mastercard Inc. (MA) Elliott Wave Analysis Shows Bullish Wave 3 Targeting $595 and $650 Key Resistance Levels for Traders

Mastercard Inc. (MA) Elliott Wave Analysis – Trading Lounge Daily Chart

MA Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave 3

Direction: Bullish continuation in Wave 3

Technical Overview:

Mastercard (MA) is progressing within Minor Wave 3, indicating strong bullish momentum.

Price action is currently targeting the lower range of Minor Group 2, near the $650 mark, a key resistance level that may challenge the ongoing uptrend.

The current impulsive wave structure suggests a sustained bullish outlook, reinforcing upward price targets in line with Elliott Wave forecasting.

Mastercard-d-chart-1...


Mastercard Inc. (MA) Elliott Wave Analysis – Trading Lounge 1H Chart

MA Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {iii} of 3

Direction: Approaching Wave {iii} peak

Technical Overview:

Mastercard (MA) appears to be nearing the completion of Wave {iii} within Minor Wave 3.

The price is closely approaching the 1.618 Fibonacci extension level of Wave {i}, around $595. This region may serve as a resistance zone and could prompt a corrective pullback in Wave {iv}.

Short-term traders should monitor for consolidation or reversal signals before the next impulsive advance resumes.

Technical Analyst: Alessio Barretta

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here 

Previous: Advanced Micro Devices Inc. (AMD) Elliott Wave Technical Analysis

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Mastercard-1h-chart-...


Summary
This Elliott Wave analysis of Mastercard (MA) combines insights from both the daily and intraday (1H) charts. The current wave structure supports a strong upward trajectory. Price zones near $595 and $650 are critical, as they may determine the timing and strength of upcoming wave completions. These technical levels are crucial for short-term trading setups and long-term positioning, aligned with Elliott Wave strategy and market timing principles.

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