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MasterCard Inc., Elliot Wave Analysis
11/9/2022 10:43 AMGrowth is possible.
On the daily chart, the third wave of the higher level (3) formed, and a downward correction ended as the fourth wave (4), within which the wave C of (4) formed. Now, the development of the fifth wave (5) has started, within which the first entry wave of the lower level i of 1 of (5) is developing. If the assumption is correct, the asset will grow to the area of 361.86–401.00. In this scenario, critical stop loss level is 277.00.
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