MasterCard Wave Analysis 17 September 2024

– MasterCard broke round resistance level 500.00

– Likely to rise to the resistance level 510.00

MasterCard continues to rise inside the accelerated impulse wave 3, which previously broke above the major long-term resistance level 485.00 (which stopped the weekly uptrend in March).

The active impulse wave 3 belongs to the intermediate impulse sequence (3) from the start of August.

Given the clear daily uptrend and the latest breakout of the round resistance level 500.00, MasterCard can be expected to rise further to the next resistance level 510.00 (target price for the completion of the active impulse wave 3).