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]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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