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MasterCard Inc., Elliot Wave Analysis

3/1/2023 10:32 AM

The price is in a correction and may grow.

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 entry first wave of the lower level 1 of (5) has formed, and a local correction is developing as the second wave 2 of (5). If the assumption is correct, the asset will grow to the area of 401.00–420.00. In this scenario, critical stop loss level is 329.55.

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