Mastercard – what a great business model. you swipe the card and they get paid ..nice.
that being said, sure looks like 5 waves complete w/ monster bearish divergence. note the blue median line. price has not closed below that on a monthly basis, if we do get that close, then this could accelerate to the downside.
also, thru some geometry on there … when using arcs, the 3 o’clock position is a time component and the top of the circle is price. see how the “time” component nailed the low? that gives you a heads up that the price (top of the circle) should be stiff resistance.