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Mastercard’s Journey: An Elliott Wave 3 Insight
Mastercard’s financial trajectory can be intriguing when viewed through the lens of Elliott Wave Theory. This theory, a technical analysis tool, provides insights into market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors.
Understanding the Elliott Wave Theory
The Elliott Wave Theory, created by Ralph Nelson Elliott in the 1930s, suggests that the market prices follow a specific pattern of five waves up and three waves down to form a complete cycle. This cycle is then repeated, creating a continuous wave pattern.
In this context, let’s examine Mastercard’s wave pattern, focusing on its journey to a possible Wave 3 target at 830.
#Elliott Wave Theory in a nutshell
wave_up = 5
wave_down = 3
complete_cycle = wave_up + wave_down
Analyzing Mastercard’s Elliott Wave Pattern
Mastercard’s first wave was noted from 60 to 398. This substantial increase laid the foundation for the subsequent wave patterns.
The First Wave Journey
Starting at 60, Mastercard’s value climbed to 398. This impressive surge formed the initial wave in the Elliott Wave theory.
Wave 2: The ABC Flat Correction
Wave 2 witnessed an ABC flat correction, bringing the value down to 275. This decline is typical according to the Elliott Wave Theory, where after every five-wave advance, a three-wave correction usually follows.
Wave 3: The Road to 830
According to the Elliott Wave pattern, Wave 3 may target as high as 820-830. This prediction is based on a 0.786 breakout above 375.
The Significance of the .786 Breakout
The .786 breakout is a crucial aspect of the Fibonacci retracement level, often used in conjunction with the Elliott Wave Theory for prediction. A breakout above this level is a bullish indicator and suggests a high possibility of reaching the targeted 820-830.
The Potential of Mastercard
With a Wave 3 target as high as 820-830, Mastercard’s potential seems promising. The consistent growth and the potential .786 breakout underline the company’s robust financial health.
Conclusion
Mastercard’s journey, when analyzed using the Elliott Wave Theory, presents a fascinating study of market trends and investor psychology. The potential high target of 820-830 in Wave 3 is a testament to Mastercard’s strong market presence and growth potential.
“Elliott Wave Theory offers a broad view of the market trends, providing investors with valuable insights.” – Anonymous
Mastercard’s Elliott Wave Pattern
Wave 1
: From 60 to 398
Wave 2
: An ABC flat correction to 275
Wave 3
: Potential target of 820-830 on .786 breakout above 375
Mastercard’s journey, as guided by the Elliott Wave Theory, is indeed a story of resilien
