Mastercard 5 waves up complete? an UPDATE

04/29/2017 – the levels shown in the post below held but created a 6-8 month triangle which exploded higher. Triangles are terminal from where they explode (higher or lower) but this stock is really strong. Do I think we are still in a 5th wave – YES.  But, I would keep rolling w/ this until the lower purple trend line is broken on a weekly close …this is a VERY powerful stock.

thanks for asking .. I did this post for a colleague but more importantly a trusted friend.

B

__________________________________________________________________________________

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: