Elliott Wave Analysis: Daily and 4-Hour Perspectives for Visa Inc.

On April 22, 2024, our Elliott Wave analysis delves into Visa Inc. (Ticker: V), providing valuable insights into its daily and 4-hour chart movements. This analysis aims to offer investors actionable information to navigate the market effectively.

V Elliott Wave Daily Chart Analysis

Visa Inc. (V) Daily Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: ZigZag

Position: Intermediate wave (4)

Direction: Bottom in wave (4)

Details: The analysis suggests that Intermediate wave (3) may have concluded, aligning with a correction comparable in scope to wave (2). This observation supports the hypothesis that we are now experiencing an Intermediate wave (4).

V Elliott Wave Technical Analysis – Daily Chart
Our analysis reveals that Visa is currently undergoing a corrective counter-trend phase, characterized by a ZigZag structure, identified as an Intermediate wave (4). The direction indicates a potential bottoming out in wave (4). We are exploring the possibility of Intermediate wave (3) completion, given the correction's magnitude, aligning with a wave (2) of the same degree.

Elliott Wave Analysis for Visa Inc. on 4-Hour Chart

Function: Counter Trend

Mode: Corrective

Structure: ZigZag

Position: Intermediate wave (4)

Direction: Bottom in wave A of (4)

Details: Current assessments are split between a potential conclusion of wave A, indicated by bullish divergence in the RSI, and the possibility of a pronounced wave (4) that provides a contrast to the sideways pattern observed in wave (2).

This revised content simplifies the understanding of Elliott Wave technical analysis for Visa Inc., highlighting key technical positions and potential movements in its stock price based on Elliott Wave principles.

V Elliott Wave Technical Analysis – 4hr Chart

Zooming into the 4-hour chart, Visa's corrective phase continues within Intermediate wave (4), specifically focusing on wave A. Our analysis suggests that the correction may have found a bottom in wave A, supported by the bullish divergence observed in the Relative Strength Index (RSI). Alternatively, there is a possibility of a sharp wave (4) unfolding, alternating with a sideways wave (2) pattern.

Technical Analyst: Alessio Barretta

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