Visa Inc. (V) Elliott Wave Analysis: Trading Lounge Daily Chart
V Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {ii} of 5
Direction: Upside in Wave 5
Details:
Visa Inc. appears to be progressing through the final stage of Intermediate Wave (1). The price sustaining above the $300 level strengthens the bullish case, suggesting potential upside toward the Medium Level of $400. This aligns with expectations for further gains in Wave 5, provided key support levels hold.
V Elliott Wave Technical Analysis – 1H Chart
On the 1-hour chart, Visa shows signs of bottoming within Wave (c) of {ii}. Equality between Waves (c) and (a) has been reached at around $310, marking a potential pivot point. A bullish reversal is likely, contingent on the price testing and maintaining support above $320. Once confirmed, Wave 5 is expected to resume its upward trajectory.
Visa Inc. (V) Elliott Wave Analysis: Trading Lounge 1H Chart
V Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {ii} of 5
Direction: Bottoming in Wave (c) of {ii}
Details:
The equality level of Waves (c) and (a) at $310 suggests a potential bottom in Wave (c). Confirmation of support above $320 would indicate a resumption of the uptrend in Wave 5. Traders should monitor price action closely to validate the bullish continuation.
V Elliott Wave Technical Analysis – Daily Chart
Visa appears to be completing Wave {ii} of the broader Wave 5 structure. This corrective phase is expected to give way to an uptrend, targeting significant gains. The price holding above $300 strengthens the bullish outlook, with the next major target set at the Medium Level of $400. As long as the $300 support level remains intact, the bullish case for Wave 5 remains valid.
Technical Analyst: Alessio Barretta
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: NextEra Energy Inc., (NEE) Elliott Wave Technical Analysis
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