Technical analysis
MasterCard Wave Analysis – 9 December, 2021
December 09, 2021 @ 19:21 +03:00
![MasterCard Wave Analysis – 9 December, 2021 MasterCard Wave Analysis – 9 December, 2021](https://fxpro.news/wp-content/uploads/2021/02/1000px-Mastercard-logo.svg.png)
• MasterCard broke resistance zone
• Likely to rise to resistance level 350.00
MasterCard recently broke the resistance zone between the resistance level 340.00 and the 50% Fibonacci correction of the downward impulse (1) from the middle of November.
The breakout of this resistance zone accelerated the active medium-term wave (2).
MasterCard can be expected to rise further toward the next resistance level 350.00 (target price calculated for the completion of the active correction (2)).
![](https://fxpro.news/wp-content/uploads/2021/12/ma-primary-analysis-dec-09-1801-pm-1-day-1024x501.png)