Visa Inc. (V) Elliott Wave technical analysis [Video]

Visa Inc. (V) Elliott Wave technical analysis – Daily chart

• Function: Trend.

• Mode: Motive.

• Structure: Impulsive.

• Position: Wave {iii} of 5.

• Direction: Upward in wave {iii}.

• Details: Bullish alternative favors further upside into wave {iii}, as price action extends into wave 5.

Visa Inc. (V) is displaying a bullish trend setup on the daily chart. The current wave structure indicates an advancing wave {iii} of 5, within a larger impulsive sequence. This analysis supports the view that price is extending higher in wave 5, suggesting the beginning of a strong upside phase. If confirmed, this wave count indicates renewed buying momentum and a strengthening bullish structure in the final leg of this cycle.

Visa Inc. (V) Elliott Wave technical analysis – One-hour chart

• Function: Trend.

• Mode: Motive.

• Structure: Impulsive.

• Position: Wave (iii) of {iii}.

• Direction: Upward in wave (iii).

• Details: Current movement may be a subdivision of wave {iii}, assuming wave {ii} has bottomed. Alternate view: wave (b) of {ii} still developing.

On the 1-hour chart, the structure is forming wave (iii) of {iii}, suggesting that a new impulsive move is underway. The bullish count assumes wave {ii} is complete, setting the stage for further gains in wave (iii). However, an alternative scenario indicates the possibility of the price still being within wave (b) of {ii}. Confirmation through sustained upward movement will be key to validating the bullish forecast and confirming the next phase in Visa’s Elliott Wave cycle.

Visa Inc. (V) Elliott Wave technical analysis [Video]