Mastercard 5 waves up complete?

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.

B

 

Page_16-01-24_06-53-11 Page_16-01-24_06-58-28

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: