V Elliott Wave technical analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave 5 of (1).
Direction: Upside in wave 5.
Details: We are looking for a potential extension in Minor wave 5 as we are trading above Trading Level 3 at 300$.
V Elliott Wave technical analysis – Daily chart
Visa’s daily chart shows the stock is in wave 5 of (1), continuing its impulsive move upward. The price is trading above TradingLevel3 at $300, indicating strong bullish momentum. There is potential for an extension in Minor wave 5, which could push prices higher as the uptrend progresses.
V Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave {iii} of 5.
Direction: Upside in wave {iii}.
Details: Looking for upside into wave (i) of {iii} as we can identify a three wave move into wave {iii} which ended right above 300$.
V Elliott Wave technical analysis – One-hour chart
The 1-hour chart shows Visa is in wave {iii} of 5, with a clear three-wave structure within this wave. The stock has maintained strength, holding above $300. We are currently looking for further upside into wave (i) of {iii}, continuing the bullish trend.
This analysis of Visa Inc., (V) focuses on both the daily and 1-hour charts, using the Elliott Wave Theory to assess current market trends and forecast future price movements.
Visa Inc. (V) Elliott Wave technical analysis [Video]
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