Mastercard key levelsIf the mood doesn't change, Mastercard can go to a new high.(400USD)
It seems strong because, it was pulled back quickly from 280USD.
Resistance levels: 320 and 300 USD
Be patient and be careful, always:)
MAST trade ideas
MA LongLooks like "Bull flag"
Entry 326
Stop 316
target1: 355;
target2: 400;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
MA - Elliottwave analysis - dump and pump set upMA - It is in B wave correction as abc zigzag down, so can be a small sell set up near 340-345 with stops above 356.50 for target zone of 320, where B wave will finish and expected to new rally for C wave up in ABC zigzag move up from major bottom of 280, which can go above 370 or even higher.
Give thumbs up if you really like the trade idea.
Bullish Crab x 5Possible stop below 281.15
Long entry level 309.15
Possible T2 390.2 to 420.5 (longer term)
MA fell from a bearish rising wedge several weeks ago at 327ish
Deep pull back ensued and seems to have recovered
Gaps below price can provide support
Pattern only valid at or above LE level
Just an observation
The Crab pattern is similar to a Butterfly pattern in that it is a reversal pattern composed of four legs marked X-A, A-B, B-C and C-D.
Like the Butterfly, it can help you identify when a current price move is likely approaching its end. This means you can enter the market just as the price reverses direction.
As with many patterns, there is a bullish and a bearish version of the Crab
Identify where the pattern will complete at point D – this will be at the 161.8% extension of the X-A leg. Place a buy order here.
If you want an aggressive profit target, however, you can place it at point A of the pattern. For a more conservative profit target, place it at point B.
Like many harmonic patterns, fibonacci retracemnts are used
MA TRIANGLEMA completely jumped today.
Its in a triangle but support might be good around 325
lets wait and see :)
MasterCard at lower end of upward channelWith the worst case senecio out of the way, markets are itching to move up. MA recovered quickly from the COVID crash and is now at a good point of entry for swing traders. Side note, MA made no layoffs during COVID and has been up over 1000% during Ajay Banga's time. Outperforming Visa and American Express.
COMING END OF THE BULLMARKET LAST GASP The chart posted is a warning sign for credit in the world markets is nearing it end . I was net long 115% buying into the panic cycle low due 10/20 to 11/7 we have seen it and now look for the final blowoff I WILL BE SELLING LONG TO MED TERM POSITIONSINTO THIS FINAL MOVE
Mastercard: Price continues to fallBearish price trend continues after 3rd quarter earning targets was missed due to lower travel-related spending during the summer months.
From a technical standpoint, the price gap brings us to the previous strong resistance zone of $280-283.
Important points to highlight here:
- Price reacted strongly by 'gapping' past the 0.382 Fib level from $316 to 301
- This zone is now a strong support price zone.
- This zone has confluence with the 0.5 Fibonacci level
It is very likely that this support will hold with prices interacting with / consolidating around, the zone before either:
- reversing back up (very likely going by how strong this level has been in the past), AND
- move up to close the price gap of $316 to 301, or
- break through support level ($280 - 283) and head further towards the next logical support level of around $260-263, which also confluence with the 0.618 Fib level. This bearish sentiment is supported by MACD, which is now in the bearish territory.
My view are as follows:
1. For those who are yet in any position, to wait for a clear market direction (from $280-283 price level) following the sell-off precipitated by investor disappointment with the missed 3rd quarter earning targets. You might be able to BUY in cheaper between $263 and 283
2. For those who already have a position in Mastercard at higher price level, this is a good opportunity to Dollar Cost Average at the $280 - 283 level. If price falls further you have another opportunity to DCA further at the next support level of $260 - 263.
MasterCardMA in my opinion. Looking to load at 271, but 280 is also an acceptable price for me. TP 400(Long Run).
MA (MASTERCARD INCORPORATED) LONG SET UP (EARNINGS)TITLE/(DATE)- Buy LIMIT MA
ASSET- MA
PLATFORM- MT4
ORDER TYPE- Market first entry / Buy limit second
Time Frame- 1D
ENTRY PRICE 1- $314.50 (Market)
ENTRY 2- $307.50 (Pending)
STOP LOSS- $300.50 (140 PIPs)
TAKE PROFIT 1- $328.50 (140 PIPS)
TAKE PROFIT 2- $342.50 (280PIPS)
TAKE PROFIT 3- $356.50 (420 PIPS)
TAKE PROFIT 4- $370.50 (560 PIPS)
STATUS: ACTIVE
Aug-27-20 Initiated Mizuho Buy $400
Jul-21-20 Resumed Daiwa Securities Neutral $314
Jul-14-20 Initiated Goldman Buy $364
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Bears in control Earnings will be announced in a week, I believe they will miss the estimate this time.
risky trade, posted to share my thoughts
MA - MASTERCARD - Elliottwave analysis - bear caseMA - It is within complex correction and the completed W and X wave. It is moving down in Y wave, wher probably A wave diagonal (or w double zigzag) seems finished. Wait for bounce to dump it with stops above 355 near 340-347 zone with medium odds for target below 315 or even lower.
Give thumbs up if you really like the trade idea.
