Welcome to our latest Elliott Wave analysis for Visa Inc. (V)
This analysis provides a detailed overview of V's price movements using the Elliott Wave Theory, aimed at helping traders identify potential trading opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on Visa Inc.'s market behavior.
V Elliott Wave Analysis Trading Lounge Daily Chart
Visa Inc., (V) Daily Chart Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave (5)
Direction: Upside confirmation in wave (5)
Details: After what appears to be a clear three-wave move to the downside, we are looking for upside resumption into wave (5).
V Elliott Wave Technical Analysis – Daily Chart
The daily chart indicates that V has completed a three-wave corrective move to the downside and is now set to resume its upward trend into wave (5). This wave is expected to confirm the continuation of the broader uptrend, potentially leading to new highs. Traders should watch for signs of this wave taking shape, focusing on higher highs and higher lows as the uptrend progresses.
V Elliott Wave Analysis Trading Lounge 4Hr Chart
Visa Inc., (V) 4Hr Chart Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave 1 of (5)
Direction: Completion of wave 1
Details: Looking for a five-wave move into Minor wave 1 followed by a countertrend three-wave move, to have additional upside confirmation. A break and retest of the end of MG2 at $280 would also provide an ideal trade setup.
V Elliott Wave Technical Analysis – 4Hr Chart
The 4-hour chart analysis shows that V is completing wave 1 of (5). We expect a five-wave move within this initial wave, followed by a countertrend three-wave corrective move to complete Minor wave 1. Additional upside confirmation would be provided by a break and retest of the end of Minor Group2 (MG2) at $280. This level could act as a significant pivot point for validating further upward movement.
Technical Analyst: Alessio Barretta
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: CAT Elliott Wave Technical Analysis
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