Mastercard has rebounded after a brief cooling period, and we now expect turquoise wave B to complete just below resistance at $620. Once that top is in, wave C should drive a meaningful retracement, ending with the low of magenta wave (4). Alternatively, if turquoise wave alt.(4) has already bottomed — which we estimate as a 40% probability — then a direct breakout above $620 would suggest a shift toward a much more aggressive advance. That path would take the stock straight into magenta wave (5), completing blue wave (I) with a strong rally.
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Related publications
Disclaimer
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