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

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 542.62, a further uptrend is possible.

On the chart of #MA M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 538.24; the lower boundary 529.29; the width of the pattern 895 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 529.14 level.

According to the chart of M5, #MA formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 518.43 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -369 pips.

The Triple Bottom pattern has formed on the chart of #MA M5. Features of the pattern: The lower line of the pattern has coordinates 527.02 with the upper limit 527.02/523.47, the projection of the width is 461 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 522.41, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #MA M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 527.02 is broken. The further movements will rely on the width of the current pattern 461 points.

The Double Bottom pattern has been formed on #MA M5. Characteristics: the support level 525.42; the resistance level 527.77; the width of the pattern 235 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 258 points.

The Triple Bottom pattern has formed on the chart of the #MA M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 530.34/528.00.

The Double Bottom pattern has been formed on #MA M15; the upper boundary is 532.35; the lower boundary is 528.58. The width of the pattern is 390 points. In case of a break of the upper boundary 532.35, 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 Triple Bottom pattern has formed on the chart of #MA M5. Features of the pattern: The lower line of the pattern has coordinates 535.11 with the upper limit 535.11/532.35, the projection of the width is 567 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 529.44, the price is most likely to continue the upward movement.

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.