Visa Inc. (V) Elliott Wave technical analysis [Video]

V Elliott Wave Analysis – Daily chart

Function: Pattern.

Mode: Spontaneous.

Structure: Intention.

Position: Wave {iii} of 5.

Instructions: Uptrend in wave {iii}.

Information: Approaching prospective peak at $380 (MinorGroup2); possible sideways wave {iv} correction might follow.

The day-to-day chart analysis of Visa Inc. (V) shows a strong bullish pattern, with the stock presently in wave {iii} of main wave 5 Cost action is nearing a prospective resistance zone at $ 380, determined as the top of Minor Group2 At this level, a profit-taking stage or short-term sideways motion might emerge, forming wave {iv} before the uptrend resumes.

Visa Inc. (V)– One-hour chart

Function: Pattern.

Mode: Spontaneous.

Structure: Intention.

Position: Wave iii of (v).

Instructions: Continued uptrend in wave v.

Information: Presently in wave iv, establishing for last push in wave (v).

On the 1-hour chart, Visa seems in wave iv of (v), recommending that the marketplace is getting ready for another upward motion to total wave (v) This anticipated relocation lines up with the day-to-day chart’s forecast towards $ 380, strengthening the prospective top circumstance in wave {iii} .

Summary

Visa Inc. (V) is displaying a strong spontaneous pattern structure throughout both day-to-day and intraday timeframes. The present setup indicate a nearing short-term high, with capacity for combination before continuing upward momentum. Traders must expect verification of wave {iv} and wave (v) patterns as the stock approaches the $380 level.