VISA INC. (V) Elliott Wave Forecast | Trading Lounge Daily Chart
Visa Inc. (V) – Daily Chart Analysis
VISA INC. (V) Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Motive
STRUCTURE: Impulsive
POSITION: Wave {iii} of 5
DIRECTION: Uptrend continuation in wave {iii}
DETAILS: Bullish scenario favours further price extension into wave {iii}, continuing the progression of wave 5
Visa Inc. (NYSE: V) shows a strong bullish Elliott Wave setup on its daily chart, with current price movements confirming the development of wave {iii} within the fifth wave of a broader impulsive pattern. This technical outlook suggests the stock may experience continued upward momentum, indicating the early stages of a strong wave 5 rally. Confirmation of this wave structure supports a bullish bias and signals increased investor confidence, potentially reinforcing Visa’s uptrend in the current market cycle.
Visa Inc. (V) Elliott Wave Analysis – TradingLounge 1H Chart
Visa Inc. Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Motive
STRUCTURE: Impulsive
POSITION: Wave (iii) of {iii}
DIRECTION: Uptrend within wave (iii)
DETAILS: Ongoing movement may represent a subdivision of wave {iii}, contingent on wave {ii} completion. Alternative count: wave (b) of {ii} remains in progress
On the 1-hour timeframe, Visa's stock continues to exhibit impulsive behavior, likely unfolding as wave (iii) within wave {iii}. The primary Elliott Wave count assumes wave {ii} has concluded, implying bullish momentum as the market pushes higher into wave (iii). However, an alternative perspective suggests that wave (b) of {ii} may still be active. To validate the bullish forecast, traders should watch for continued upward price action, which would confirm the next impulsive phase of Visa’s Elliott Wave cycle.
Technical Analyst: Alessio Barretta
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