Timeframe: Daily
NYSE MA has started a double zigzag at the low of $26.8. Price has accomplished wave w at $390 and wave ((X)) at $340.2. The security price is moving above the 20/50/100/200 moving average with falling ATR signals sellers can come to provide a correction before the price surge.
In wave ((Y)), the price has accomplished wave (b) and trading at wave 3 of wave (C) of wave ((Y)). Traders can get a retracement from wave 4 before bulls start marching upward. Safe traders can buy after the price sustains above 392.2 for the following targets: 429 – 440 – 453+. Mastercard will start its corrective phase after completion of impulsive structure.
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