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$.
V Elliott Wave technical analysis – Daily chart
Visa has been advancing within wave {iii} of 3, showing a clear five-wave subdivision within this structure. As it approaches MinorGroup2 at 280$, 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
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$).
V Elliott Wave technical analysis – One-hour chart
Visa is currently in wave iv of (v) within the broader wave {iii}. There appears to be some consolidation just below the 280$ 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.
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.
Visa Inc. (V) Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
![Will August jobs data confirm worsening conditions in US labor market? – LIVE](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/Employment/NFP/architect-with-flag-on-background-united-states-of-america-gm520844287-50048270_XtraSmall.jpg)
Will August jobs data confirm worsening conditions in US labor market? – LIVE
The US Bureau of Labor Statistics will release August employment data on Friday, which will feature Nonfarm Payrolls, Unemployment Rate and wage inflation figures. Investors will scrutinize the report to see whether the weakening labor market warrants a big Fed rate cut in September.
![EUR/USD holds above 1.1100 ahead of US jobs report](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/money-9377516_XtraSmall.jpg)
EUR/USD holds above 1.1100 ahead of US jobs report
EUR/USD stays in a consolidation phase above 1.1100 after posting strong gains for two consecutive gains. Investors await the August jobs report from the US, which will include Nonfarm Payrolls and wage inflation figures.
![GBP/USD consolidates near 1.3200 as focus shifts to NFP](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/GBPUSD/iStock-1178148633_XtraSmall.jpg)
GBP/USD consolidates near 1.3200 as focus shifts to NFP
GBP/USD trades in a narrow range slightly below 1.3200 in the European session on Friday. Market participants refrain from taking large positions as focus shifts to August Nonfarm Payrolls data from the US, which could influence the Fed's rate outlook.
![Gold extends recovery after weak US ADP payrolls data](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/Gold_Bar_XAU_Precious_Metal_XtraSmall.jpg)
Gold extends recovery after weak US ADP payrolls data
Gold trades back inside familiar territory, exchanging hands in the $2,510s on Friday after extending its rebound following the release of more weak jobs’ data from the US on Thursday, this time in the form of private payrolls data, which grew at a slower pace than expected.
![Why Ethereum is underperforming Bitcoin, Solana, Nvidia, Meta, Apple and others](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Coins/Ethereum/ethereum_XtraSmall.jpg)
Why Ethereum is underperforming Bitcoin, Solana, Nvidia, Meta, Apple and others
Ethereum (ETH) is down 2% on Thursday following a key analysis showing the top altcoin has underperformed assets, including Bitcoin, Solana, Nvidia, Meta, Apple, Gold and others. CryptoQuant analysts and the F2pool co-founder weigh in on why ETH has underperformed and what investors should expect.
![Moneta Markets review 2024: All you need to know](https://editorial.fxstreet.com/images/IT/Testing/Review/FXSBadgeCertifiedBackg_XtraSmall.png)
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.