FX.co ★ Patterns #MA | Mastercard IncorpoRated Stock Price

The Bearish pennant pattern has formed on the #MA M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 521.99; the projection of the flagpole height is equal to 851 pips. In case the price breaks out the pattern’s bottom of 521.99, the downtrend is expected to continue for further level 521.84.

The Bullish pennant graphic pattern has formed on the #MA M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 534.53.

On the chart of the #MA M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 516.01, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 612 points.

On the chart of #MA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 522.43; the lower boundary 518.81; the width of the pattern 362 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 518.66 level.

The Double Top pattern has been formed on #MA M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 516.01 is broken, the downward movement will continue.

The Bullish pennant signal – Trading instrument #MA M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 522.13, with the prospect of the next move being a projection of the flagpole height.

According to the chart of M30, #MA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 498.99/505.43 and upper border is 511.63/505.43. The pattern width is measured on the chart at -1264 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #MA breaches the lower border, the price could continue its move toward 505.13.

The Double Bottom pattern has been formed on #MA M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 503.48 is broken. The further movements will rely on the width of the current pattern 425 points.

The Double Top reversal pattern has been formed on #MA M5. Characteristics: the upper boundary 509.93; the lower boundary 509.49; the width of the pattern is 45 points. Sell trades are better to be opened below the lower boundary 509.49 with a possible movements towards the 509.34 level.

The Triple Bottom pattern has formed on the chart of #MA M15. Features of the pattern: The lower line of the pattern has coordinates 508.93 with the upper limit 508.93/507.64, the projection of the width is 246 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 506.47, the price is most likely to continue the upward movement.