Visa Inc. (V) Elliott Wave Analysis: Daily and 1-Hour Charts
This analysis evaluates Visa Inc. (V) using Elliott Wave Theory to interpret current market trends and predict potential future price movements. Both the daily and 1-hour charts are analyzed for an in-depth perspective.
V Elliott Wave Analysis - TradingLounge Daily Chart
Visa Inc. (V) Daily Chart Overview
Visa Inc. V Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave 5 of (1)
Direction: Upward in Wave 5
Details: Visa has recently surpassed the significant resistance at TradingLevel 3 ($300). The continuation of Wave (1) suggests further upside momentum, but resistance could emerge within MinorGroup1, particularly around $320.
Visa Inc. (V) Daily Chart Insights
Visa is advancing in Wave 5 of an impulsive pattern within Wave (1). After breaching the pivotal $300 TradingLevel 3, the stock shows bullish momentum. However, resistance near MinorGroup1 ($320) may temporarily pause the rally as the market consolidates. Despite potential short-term pullbacks, the long-term outlook remains positive, with Wave 5 expected to continue upward as Wave (1) unfolds further.
V Elliott Wave Analysis - TradingLounge1-Hour Chart
Visa Inc. (V) 1-Hour Chart Overview
V Stock Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave (iii) of {iii}
Direction: Upward in Wave (iii)
Details: The stock's recent upward gaps validate the assumption of a strong rally in Wave (iii) of {iii}. As the stock approaches MinorGroup1 ($300), a series of pullbacks or consolidations may emerge.
1-Hour Chart Insights
The 1-hour chart indicates Visa is in a robust upward move within Wave (iii) of {iii} of Wave 5. The recent price gaps affirm bullish momentum in this impulsive rally. Approaching MinorGroup1 ($300), minor pullbacks or consolidation phases are expected, potentially offering strategic entry points. The ongoing rally in Wave (iii) of {iii} underscores strong bullish momentum.
Technical Analyst: Alessio Barretta
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