01Feb

Visa Inc. (V) Elliott Wave Technical Analysis 1 February 24: Navigating Trends and Corrections for Informed Trading

Visa (V) Elliott Wave Analysis Trading Lounge Daily Chart, 1 February 24

Visa Inc., (V) Daily Chart

Visa Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulse

STRUCTURE: Motive

POSITION: Minute wave {v} of 5.  

DIRECTION: Top in wave 5.  

DETAILS: Potential top in place in wave 5 as we reached 280$. There is a possibility we will continue higher, nevertheless we could expect strong resistance at 300&.

Technical Analyst: Alessio Barretta

Source: Tradinglounge.com, Learn From the Experts Join TradingLounge Here 

See Previous: Eli Lilly & Co., (LLY)

Visa-Inc-Day-Stock-c...

 


 

V Elliott Wave Analysis Trading Lounge 4Hr Chart, 1 February 24

Visa Inc., (V) 4Hr Chart

V Elliott Wave Technical Analysis
 
FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: Zigzag  

POSITION: Wave {i} of A.  

DIRECTION: Downside into wave {i}.

DETAILS: Looking for acceleration lower to confirm the overall bearish count. We would need to break the bottom of wave (iv) to have additional confirmation.
 
Welcome to our V Elliott Wave Analysis Trading Lounge, providing insights into Visa Inc. (V) based on Elliott Wave Technical Analysis. As of the Daily Chart on 1st February 2024, we observe a significant development in the trend.

V Elliott Wave Technical Analysis – Daily Chart

In terms of the wave function, we identify a prevailing impulse mode characterized by a motive structure. The current position is in Minute wave {v} of 5, indicating a potential top at $280. While the possibility of further upward movement exists, it's crucial to note the anticipated strong resistance around $300.

V Elliott Wave Technical Analysis – Daily Chart

Shifting our focus to the 4Hr Chart on the same date, we analyze Visa Inc. (V) through the lens of Elliott Wave Technical Analysis.

Here, the wave function takes a counter trend stance with a corrective mode, manifesting a zigzag structure. The present position is in Wave {i} of A, suggesting a downside trajectory into wave {i}. To validate the overall bearish outlook, we are actively monitoring for an acceleration lower, awaiting confirmation through a break below the bottom of wave (iv).

Stay tuned for updates as we navigate the dynamic landscape of Visa Inc. (V) using Elliott Wave Analysis. Our expert analysis aims to provide you with valuable insights for informed trading decisions in this ever-evolving market.

Visa-Inc-4H-Stock-ch...

Related

British Pound/ Australian Dollar(GBPAUD) Chart Elliott Wave Technical Analysis 18 October 23

British Pound/ Australian Dollar(GBPAUD) Chart Elliott Wave Technical Analysis 18 October 23

In summary, the GBPAUD Elliott Wave Analysis for 18 October 23, delivers essential insights for trad...

Read More >
Netflix Inc. (NFLX) Stock Forecast: Elliott Wave Analysis Reveals NFLX Price Prediction, Technical Trends, and Key Trading Levels

Netflix Inc. (NFLX) Stock Forecast: Elliott Wave Analysis Reveals NFLX Price Prediction, Technical Trends, and Key Trading Levels

Netflix (NFLX) stock analysis using Elliott Wave principles. Understand current wave positions, pric...

Read More >
ADANI ENTERPRISES - ADANIENT Elliott Wave Correction Set-Up Ahead of Bullish Orange Wave 3 Technical Breakout Guidance

ADANI ENTERPRISES - ADANIENT Elliott Wave Correction Set-Up Ahead of Bullish Orange Wave 3 Technical Breakout Guidance

Daily and weekly Elliott Wave breakdowns show ADANI Enterprises in Gray Wave C of a counter-trend c...

Read More >
Comprehensive Corn Price Analysis: Corn Commodity Elliott Wave Forecast and Technical Insights into Current Corn Futures Market Trends

Comprehensive Corn Price Analysis: Corn Commodity Elliott Wave Forecast and Technical Insights into Current Corn Futures Market Trends

This article provides an in-depth analysis of corn prices through the lens of Elliott Wave theory. I...

Read More >
Gold (XAUUSD) Elliott Wave Technical Analysis: Points to a Potential Surge to $2200

Gold (XAUUSD) Elliott Wave Technical Analysis: Points to a Potential Surge to $2200

our analysis suggests a favorable outlook for Gold, presenting potential buying opportunities for tr...

Read More >
The Coca-Cola Company (KO:NYSE) Elliott Wave Technical Analysis 13 December 23

The Coca-Cola Company (KO:NYSE) Elliott Wave Technical Analysis 13 December 23

The Coca-Cola Company (KO: NYSE) Elliott Wave Technical Analysis dated 13 December 23, KO Stock Mark...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on