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MasterCard Inc., Elliot Wave Analysis
8/31/2022 11:43 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 C of (4) develops. Now, the third wave of the lower level iii of C has formed, a local correction has developed as the fourth wave iv of C and the fifth wave v of C is forming. If the assumption is correct, the price of the asset will fall to the area of 280.85–256.65. In this scenario, critical stop loss level is 361.80.
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