V Elliott Wave Analysis - Trading Lounge

Visa Inc. (V) – Daily Chart

V Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave {iii} of 5
DIRECTION: Uptrend in wave {iii}
DETAILS: Approaching potential peak at $380 (MinorGroup2); possible sideways wave {iv} correction may follow

The daily chart analysis of Visa Inc. (V) reflects a strong bullish trend, with the stock currently in wave {iii} of primary wave 5. Price action is nearing a potential resistance zone at $380, identified as the top of MinorGroup2. At this level, a profit-taking phase or temporary sideways movement could emerge, forming wave {iv} before the uptrend resumes. 

Visa Inc. (V) – 1-Hour Chart

V Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave iii of (v)
DIRECTION: Continued uptrend in wave v
DETAILS: Currently in wave iv, setting up for final push in wave (v)

On the 1-hour chart, Visa appears to be in wave iv of (v), suggesting that the market is preparing for one more upward movement to complete wave (v). This expected move aligns with the daily chart’s projection towards $380, reinforcing the potential top scenario in wave {iii}.

Summary
Visa Inc. (V) is exhibiting a strong impulsive trend structure across both daily and intraday timeframes. The current setup points to a nearing short-term high, with potential for consolidation before continuing upward momentum. Traders should watch for confirmation of wave {iv} and wave (v) patterns as the stock approaches the $380 level.

Technical Analyst: Alessio Barretta

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