|

Mastercard Inc. (MA) Elliott Wave technical analysis [Video]

MA Elliott Wave technical analysis

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Position: Minor wave 5.

Direction: Top in wave 5.

Details: Here we are presenting the possibility of further upside into wave 5 as we could be in the making of wave {ii} of 5, or else we could have a top in wave 5 of (3) in place and we are looking for a larger pullback in wave (4).

MA Elliott Wave technical analysis – Daily chart

Mastercard Inc. (MA) is currently unfolding in an impulsive structure, with the focus on minor wave 5. There are two potential scenarios for wave 5: either we are still progressing higher, and currently in wave {ii} of 5, indicating further upside to come, or we have already completed wave 5 of (3) and could be facing a larger pullback in wave (4). Monitoring the price action near key resistance levels will be crucial to determine the dominant scenario.

MA

MA Elliott Wave technical analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (b) of {ii}.

Direction: Downside into wave ©.

Details: We are looking for a top in wave {i} as we seem to be correcting in wave {ii}. We are looking for further developments in wave {ii}, specifically the end of wave (b) and then a down move in wave (c). The increase volume on the top could suggest the alternate count is in place and we have a top in wave 5.

MA Elliott Wave technical analysis – One-hour chart

In the 1-hour chart, MA is likely correcting in wave {ii}, having just completed wave {i}. We are now anticipating further downside development into wave (c) of {ii}, as wave (b) seems to be nearing completion. The recent volume spike at the top may suggest that the alternate count could be in play, meaning wave 5 has already completed, signaling a more significant correction may be underway.

Chart

This Elliott Wave analysis for Mastercard Inc. (MA) examines both the daily and 1-hour charts to assess its current market trend, utilizing Elliott Wave Theory to anticipate potential future movements.

Mastercard Inc. (MA) Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

More from Peter Mathers
Share:

Editor's Picks

EUR/USD eases to four-week lows near 1.1650

EUR/USD now loses further momentum and recedes to multi-week lows near 1.1650 on Thursday. The pair’s extra retracement comes on the back of the persistent bid tone in the US Dollar as investors continue to gear up for the release of the December NFP figures on Friday.

GBP/USD: Further weakness could challenge 1.3400

GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.

Gold bounces back to its comfort zone

Gold now manages to regain some balance, fading its earlier pullback to the proximity of the $4,400 region per troy ounce and reshifting its attention to the $4,450 zone on Thursday. The yellow metal’s move lower comes in response to a better tone in the Greenback and the generalised recovery in US Treasury yields.

Crypto Today: Bitcoin, Ethereum, XRP extend decline as ETF outflows pose headwinds

Bitcoin struggles with selling pressure as institutional investor sentiment deteriorates. Ethereum hangs onto the 50-day EMA lifeline amid growing overhead risks and the resumption of ETF outflows.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.