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

According to the chart of M15, #MA formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 538.68 – 538.68 and upper border 543.97 – 543.97. In case the lower border is broken, the instrument is likely to follow the downward trend.

According to the chart of M30, #MA formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 543.97, the lower border is 538.68. The signal means that a short position should be opened after fixing a price below the lower border 538.68 of the Bearish Rectangle.

The Double Bottom pattern has been formed on #MA H1; the upper boundary is 549.55; the lower boundary is 538.68. The width of the pattern is 1143 points. In case of a break of the upper boundary 549.55, 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 Bearish pennant pattern has formed on the #MA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 533.67; the projection of the flagpole height is equal to 3448 pips. In case the price breaks out the pattern’s bottom of 533.67, the downtrend is expected to continue for further level 533.45.

The Bearish pennant pattern has formed on the #MA M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 556.06; the projection of the flagpole height is equal to 2225 pips. In case the price breaks out the pattern’s bottom of 556.06, the downtrend is expected to continue for further level 555.84.

On the chart of the #MA M5 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 578.14, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 266 points.

The Triple Top pattern has formed on the chart of the #MA M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -44, support level -121, and pattern’s width 229. Forecast If the price breaks through the support level 582.45, it is likely to move further down to 584.72.

On the chart of #MA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 584.87; the lower boundary 582.45; the width of the pattern 242 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 582.30 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 579.21 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on #MA M5. Characteristics: the upper boundary 574.25; the lower boundary 572.10; the width of the pattern is 204 points. Sell trades are better to be opened below the lower boundary 572.10 with a possible movements towards the 571.95 level.