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 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
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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.