The patterns are relatively straightforward. One is the $200 level, the top of the channel. That old resistance now seems to be providing support.
Second is the 50-day ( ), which rose up toward the same $200 level.
Finally, V’s price action isn’t exactly a cup-and-handle. However it’s similar, with a high basing pattern followed by a move toward new highs.
V (and Mastercard ) is one of the most direct proxies for consumer spending. That may also set it up to benefit if the pandemic continues to abate.