Visa Inc. (V) Elliott Wave Analysis: A Detailed Technical Outlook
This article delves into the Elliott Wave Analysis of Visa Inc. (V) using insights from the daily and 1-hour charts to evaluate current trends and project future price movements.
Visa Inc. V Elliott Wave Analysis: TradingLounge Daily Chart
Visa Inc. (V) Daily Chart Analysis
Visa Inc. (V) Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {iv} of 5
Direction: Upside in wave {v} of 5
Details: Visa Inc. is currently in wave {iv} of the larger fifth wave, indicating a phase of consolidation near the MinorGroup1 level around $310. This is a typical corrective wave, and once it concludes, we anticipate an upward move into wave {v}, completing the motive structure.
V Elliott Wave Technical Analysis: Daily Chart Breakdown
Visa is consolidating as part of wave {iv}, hovering near $310, the MinorGroup1 level. This phase suggests a corrective pattern before progressing to the final wave {v}. Key confirmation of this move lies in observing how the price behaves during the current consolidation. Upon completion, wave {v} should aim to finalize the fifth wave of this overall motive trend.
V Elliott Wave Analysis: TradingLounge 1-Hour Chart
Visa Inc. (V) 1H Chart Analysis
V Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave (a) of {iv}
Direction: Completion in wave {iv}
Details: Visa appears to be in the process of completing wave (a) within wave {iv}, with indications of a three-wave structure in this segment. A potential pullback into wave (b) is expected, followed by a downward move into wave (c) to conclude wave {iv}. Alternatively, there is a chance that wave {iv} has already concluded, as the price is aligning with the previous wave (iv) area. This increases the probability of an impending wave {v} initiation.
V Elliott Wave Technical Analysis: 1-Hour Chart Breakdown
The 1-hour chart analysis shows Visa completing wave (a) of corrective wave {iv}, characterized by a potential three-wave move. The likelihood of a pullback in wave (b) is significant, which would set the stage for a decline into wave (c). However, if wave {iv} has already been completed, the next phase could see the start of wave {v}, pushing the price higher.
Technical Analyst: Alessio Barretta
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See Previous: Deere & Co. (DE) Elliott Wave Technical Analysis
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