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

The technical pattern called Head and Shoulders has appeared on the chart of #MA M30. There are weighty reasons to suggest that the price will surpass the Neckline 575.28/576.23 after the right shoulder has been formed. So, the trend is set to change with the price heading for 575.93.

According to the chart of M5, #MA formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 576.23/577.90 and upper border is 579.79/577.90. The pattern width is measured on the chart at -356 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 577.75.

According to the chart of M5, #MA formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 579.37 and support 575.93. In case the resistance level 579.37 - 579.37 is broken, the instrument is likely to follow the bullish trend.

The Double Top reversal pattern has been formed on #MA M15. Characteristics: the upper boundary 579.37; the lower boundary 575.93; the width of the pattern is 337 points. Sell trades are better to be opened below the lower boundary 575.93 with a possible movements towards the 575.71 level.

The Double Top pattern has been formed on #MA M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 575.93 is broken, the downward movement will continue.

The Bullish pennant pattern is formed on the #MA M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 580.35, a further uptrend is possible.

The Bullish pennant signal – Trading instrument #MA H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 571.80, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on #MA M5. Characteristics: the upper boundary 566.06; the lower boundary 564.80; the width of the pattern is 136 points. Sell trades are better to be opened below the lower boundary 564.80 with a possible movements towards the 564.65 level.

According to the chart of M5, #MA formed the Inverse Head and Shoulder pattern. The Head’s top is set at 538.15 while the median line of the Neck is found at 527.67/533.96. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #MA will go towards 538.30

The Bearish pennant pattern has formed on the #MA M30 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 552.75, a trader will be able to successfully enter the sell position.