MA Elliott Wave technical analysis [Video]
By: bitcoin ethereum news|2025/05/12 16:45:04
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MA Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 3. Direction: Upside in wave 3. Details: Minor wave 3 continues higher as the stock approaches its all-time high (ATH). A key resistance zone is identified at $650, which may mark the top of wave 3. Mastercard Inc. is exhibiting strong bullish momentum on the daily chart. The stock is currently in Minor wave 3 of an impulsive Elliott Wave sequence, progressing toward a new all-time high. Analysts expect resistance near the $650 mark, which could serve as the wave 3 top. If this resistance holds, a corrective wave 4 may develop before the longer-term trend resumes upward. MA Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave {iii} of 3. Direction: Top in wave {iii}. Details: A top may be forming in wave {iii}, with a potential pullback expected in wave {iv}. Since waves {i} and {iii} are similar in length, wave {v} may extend further following this minor correction. In the short-term 1-hour chart, Mastercard seems to be finalizing wave {iii} of the current impulse. A minor pullback in wave {iv} would align with typical Elliott Wave structure and confirm the trend’s strength. Following this, traders may anticipate an extension in wave {v}, contributing to the overall bullish trend observed on the daily chart. Technical analyst: Alessio Barretta. MA Elliott Wave technical analysis [Video] Source: https://www.fxstreet.com/news/ma-elliott-wave-technical-analysis-video-202505120814
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