lauralea

Rectangle/Descending Triangle

NYSE:MA   Mastercard Incorporated
Price barely broke the bottom trendline of both structures which share the same bottom trendline. 2 Candle shadows/tails broke the trendline and price has recovered and is back inside. Perhaps MA was saved by the rally!

MA has been making lower highs which formed the descending triangle. The bottom trendline is flattish with multiple bottoms.

This pattern and a Rectangle are both neutral patterns unless a trendline is broken with a trend in that direction. If price were to break the upper trendline of the triangle, there is the rectangle upper trendline to contend with.

No recommendation//be safe
Penafian

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