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MasterCard Inc., Elliot Wave Analysis
8/17/2022 12:12 PMA fall is possible.
On the daily chart, the third wave of the higher level (3) formed, and a downward correction develops as the fourth wave (4), within which the wave C of (4) forms. Now, the third wave of the lower level iii of C has formed, and a local correction is ending as the fourth wave iv of C. If the assumption is correct, the price of the asset will fall to the area of 256.65–211.40. In this scenario, critical stop loss level is 380.36.
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