Visa Inc. Stocks Elliott Wave Technical Analysis - Friday, September 6
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 {iii} of 3.
DIRECTION: Upside into wave 3.
DETAILS: Looking for a top in wave {iii} soon as the subdivision seems to have provided us with a five wave move within {iii} and we have approached the top of Minor Group 2 at 280$.
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V Elliott Wave Analysis Trading Lounge 1H Chart,
Visa Inc., (V) 1H Chart
V Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave iv of (v).
DIRECTION: Upside in wave (v).
DETAILS: Looking for upside into wave v of (v) as we seem to be having a Classic Trading Level at 280$ and we need to move up above the level (280$).
(Click on image to enlarge)
This analysis provides an Elliott Wave interpretation for Visa Inc. (V), with insights into both the daily and 1-hour charts, giving an outlook on the current trend, structure, and key price levels.
* V Elliott Wave Technical Analysis – Daily Chart*
Visa has been advancing within wave {iii} of 3, showing a clear five-wave subdivision within this structure. As it approaches MinorGroup2 at 280$, a key level, there is potential for the wave {iii} to complete soon. After reaching this level, the next likely phase could be a corrective wave {iv}, allowing the market to consolidate before another upward push.
* V Elliott Wave Technical Analysis – 1H Chart*
Visa is currently in wave iv of (v) within the broader wave {iii}. There appears to be some consolidation just below the 280$ level, Classic Trading Level. After the completion of wave iv, the market could resume its upward momentum in wave v of (v), potentially pushing prices beyond 280$. Breaking this level would be a strong bullish signal, confirming the continuation of the upward trend.
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