Visa Inc.(V:NYSE) Elliott Wave Technical Analysis 18 January 24

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Visa Inc., Elliott Wave Technical Analysis

Visa Inc.,(V:NYSE): 4h Chart 18 January 24

V Stock Market Analysis: We have been monitoring the upside into wave {v} ever since we started moving sideways in wave {ii}. As we reached 0.618 wave {v} vs. {i} we can start to be mindful of an imminent top.  

V Elliott Wave Count: Wave {v} of 5.  

V Technical Indicators: Above all averages.

V Trading Strategy: Looking to close longs as we are reaching a potential top.  

TradingLounge Analyst: Alessio Barretta

 

 

 

 

 

Visa Inc., V: 1-hour Chart 18 January 24

Visa Inc., Elliott Wave Technical Analysis V Stock Market Analysis: We can subdivide wave {v} into a nice five wave move. There is a possibility for what is labelled as wave (iv) to be wave (ii) and with that we could see higher targets.  

V Elliott Wave count:  Wave (v) of {v}.

V Technical Indicators: Above all averages.

V Trading Strategy: Looking to close longs as we are reaching a potential top.