Solid News

MasterCard Inc., Elliot Wave Analysis

12/21/2022 10:35 AM

The price is in a correction, a fall is possible.

On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and the development of the fifth wave (5) started. Now, the first entry wave of the lower level i of 1 of (5) has formed, and a local correction is developing as the second wave ii of 1 of (5), within which the wave (a) of ii has formed. If the assumption is correct, the price of the asset will fall to the area of 322.72–311.40. In this scenario, critical stop loss level is 369.38.




Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023 SolidECN.com