MASTERCARD INC.: WAVE ANALYSIS

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MASTERCARD INC.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point397.46
Take Profit420.00, 440.00
Stop Loss383.80
Key Levels342.00, 358.30, 383.80, 420.00, 440.00
Alternative scenario
RecommendationSELL STOP
Entry Point383.75
Take Profit358.30, 342.00
Stop Loss392.25
Key Levels342.00, 358.30, 383.80, 420.00, 440.00

Growth is possible.

On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and the fifth wave (5) develops. Now, the third wave of the lower level 3 of (5) is forming, within which the wave iii of 3 is developing. If the assumption is correct, the asset will grow to the area of 420.00–440.00. In this scenario, critical stop loss level is 383.80.

MASTERCARD INC.: WAVE ANALYSIS

MASTERCARD INC.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 383.80 with the targets at 420.00–440.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 383.80 will let the asset go down to the area of 358.30–342.00.

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