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V Elliott Wave Analysis Trading Lounge Daily Chart

Visa Inc., (V) Daily Chart 

V Elliott Wave Technical Analysis 

FUNCTION: Trend 

MODE: Impulsive 

STRUCTURE: Motive 

POSITION: Wave 1.  

DIRECTION: Upside in wave 1 of (5). 

DETAILS: Looking for a bottom in place in wave (4), as we seem to be resuming higher into wave (5). A break and retest of 280$ would provide additional confirmation.

V Elliott Wave Analysis Trading Lounge 1H Chart, Aug

Visa Inc., (V) 1H Chart 

V Elliott Wave Technical Analysis

FUNCTION: Trend 

MODE: Impulsive 

STRUCTURE: Motive 

POSITION: Wave {iii} of 1.  

DIRECTION: Upside in wave 1.  

DETAILS: Looking for additional upside within wave 1 as we are showing in detail in the hourly chart. As all minor pullbacks seem clear three-wave moves, we can expect further upside to come.

This Elliott Wave analysis for Visa Inc. (V) examines both the daily and 1-hour charts to provide a comprehensive overview of the current market position and potential future movements.

* V Elliott Wave Technical Analysis – Daily Chart* 

The analysis indicates that Visa has likely found a bottom in wave (4), and the price is resuming higher into wave (5). A break and retest of the $280 level would provide additional confirmation of this upward movement. This level is crucial as it would signify the transition from wave (4) to wave (5) and confirm the start of the next impulsive phase.

* V Elliott Wave Technical Analysis – 4H Chart* 

The shorter time frame reveals that Visa is progressing within wave {iii} of 1. The hourly chart shows that all minor pullbacks appear to be clear three-wave corrective moves, which is typical within an impulsive wave structure. This pattern suggests that further upside is expected as wave {iii} continues to unfold.

Technical Analyst: Alessio Barretta

Source: Tradinglounge.com

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