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MasterCard Inc., Elliot Wave Analysis
8/3/2022 11:53 AMA fall is possible.
On the daily chart, the third wave of the higher level (3) ended, and a downward correction forms as the fourth wave (4), within which the wave A of (4) develops. Now, the third wave iii of A is developing, within which the wave of the lower level (iii) of iii is forming. If the assumption is correct, the price of the asset will fall to the levels of 256.65–211.40. In this scenario, critical stop loss level is 367.50.
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