LiteForex Analitics

Mikhail Kurakin

Active Trader
Jun 8, 2009
Mastercard Inc.: wave analysis

The price is in a correction and may grow.

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 3 of (5) forms. Now, the first wave of the lower level i of 3 has formed, and a local correction is ending to develop as the wave ii of 3, within which the formation of the wave (c) of ii is ending. If the assumption is correct, after the end of the correction, the price will grow to the levels of 450.00–500.00. In this scenario, critical stop loss level is 310.66.