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

On the chart of the #MA H1 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 508.17, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 1564 points.

The Triple Top pattern has formed on the chart of the #MA M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 508.17/512.83 with the upper limit 523.81/521.51; the projection of the width is 1564 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 508.17, the price is most likely to continue the downward movement.

The Bullish pennant signal – Trading instrument #MA M30, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 521.82, with the prospect of the next move being a projection of the flagpole height.

On the chart of #MA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 520.28; the lower boundary 518.50; the width of the pattern 178 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 518.35 level.

The Double Bottom pattern has been formed on #MA M15; the upper boundary is 481.71; the lower boundary is 471.86. The width of the pattern is 1024 points. In case of a break of the upper boundary 481.71, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on #MA M5. Characteristics: the support level 471.47; the resistance level 481.71; the width of the pattern 1024 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 985 points.

The Double Bottom pattern has been formed on #MA M5; the upper boundary is 489.81; the lower boundary is 483.61. The width of the pattern is 594 points. In case of a break of the upper boundary 489.81, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M15, #MA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 466.76/487.62 and upper border is 503.68/487.62. The pattern width is measured on the chart at -3692 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 487.39.

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 466.76; the projection of the flagpole height is equal to 3098 pips. In case the price breaks out the pattern’s bottom of 466.76, the downtrend is expected to continue for further level 466.61.

The Bearish pennant pattern has formed on the #MA M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 511.79, a trader will be able to successfully enter the sell position.