Jump to content

Visa Inc., (V) Elliott Wave Technical Analysis 1 February 24


Recommended Posts

V Elliott Wave Analysis Trading Lounge Daily Chart, 1 February 24
Visa Inc., (V) Daily Chart
V Elliott Wave Technical Analysis
 
FUNCTION: Trend
MODE: Impulse
STRUCTURE: Motive
POSITION: Minute wave {v} of 5.  
DIRECTION: Top in wave 5.  
DETAILS: Potential top in place in wave 5 as we reached 280$. There is a possibility we will continue higher, nevertheless we could expect strong resistance at 300&.
 
Technical Analyst Alessio Barretta
 
 
Stock24(1).thumb.png.5eec7722ecbdf16e1852dd4770d8697c.png
 
 
 
V Elliott Wave Analysis Trading Lounge 4Hr Chart, 1 February 24
Visa Inc., (V) 4Hr Chart
V Elliott Wave Technical Analysis
 
FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE: Zigzag  
POSITION: Wave {i} of A.  
DIRECTION: Downside into wave {i}.
DETAILS: Looking for acceleration lower to confirm the overall bearish count. We would need to break the bottom of wave (iv) to have additional confirmation.
 
Welcome to our V Elliott Wave Analysis Trading Lounge, providing insights into Visa Inc. (V) based on Elliott Wave Technical Analysis. As of the Daily Chart on 1st February 2024, we observe a significant development in the trend.
*V Elliott Wave Technical Analysis – Daily Chart*
In terms of the wave function, we identify a prevailing impulse mode characterized by a motive structure. The current position is in Minute wave {v} of 5, indicating a potential top at $280. While the possibility of further upward movement exists, it's crucial to note the anticipated strong resistance around $300.
*V Elliott Wave Technical Analysis – Daily Chart*
Shifting our focus to the 4Hr Chart on the same date, we analyze Visa Inc. (V) through the lens of Elliott Wave Technical Analysis.
Here, the wave function takes a counter trend stance with a corrective mode, manifesting a zigzag structure. The present position is in Wave {i} of A, suggesting a downside trajectory into wave {i}. To validate the overall bearish outlook, we are actively monitoring for an acceleration lower, awaiting confirmation through a break below the bottom of wave (iv).
Stay tuned for updates as we navigate the dynamic landscape of Visa Inc. (V) using Elliott Wave Analysis. Our expert analysis aims to provide you with valuable insights for informed trading decisions in this ever-evolving market.
 
Stock24.thumb.png.1f82bf70be9160f573ad0d9fe35431ad.png
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • All Those Token is FAKE The Moment The Token is Live For TRADE On The Exchanges The Price Goes Up Then You Buy At The Top Thinking The PRICE WILL Continue To Go Up And Then What Happen is immediately After You Hit The GREEN Button To Buy The PRICE Starts  GOING DOWN AND Never Back Up Again And You Loss You're Money Thanks What's Fake Token is .
    • You can start by doing research on different exchanges, learning about different cryptocurrencies, and practicing with a small amount of money before investing larger sums. Additionally, there are many online resources, courses, and communities that can help guide you in learning how to trade cryptocurrency.
    • What is Foreign Exchange? Foreign exchange (Forex or FX) is the conversion of one currency into another at a specific rate known as the foreign exchange rate. The conversion rates for almost all currencies are constantly floating as they are driven by the market forces of supply and demand. The most traded currencies in the world are the United States dollar, Euro, Japanese yen, British pound, and Australian dollar. The US dollar remains the key currency, accounting for more than 87% of total daily value traded.Factors that Affect Foreign Exchange Rates Many factors can potentially influence the market forces behind foreign exchange rates. The factors include various economic, political, and even psychological conditions. The economic factors include a government’s economic policies, trade balances, inflation, and economic growth outlook. Political conditions also exert a significant impact on the forex rate, as events such as political instability and political conflicts may negatively affect the strength of a currency. The psychology of forex market participants can also influence exchange rates. The Foreign Exchange Market The foreign exchange market is a decentralized and over-the-counter market where all currency exchange trades occur. It is the largest (in terms of trading volume) and the most liquid market in the world. On average, the daily volume of transactions on the forex market totals $5.1 trillion, according to the Bank of International Settlements’ Triennial Central Bank Survey (2016). The forex market major trading centers are located in major financial hubs around the world, including New York, London, Frankfurt, Tokyo, Hong Kong, and Sydney. Due to this reason, foreign exchange transactions are executed 24 hours, five days a week (except weekends). Despite the decentralized nature of forex markets, the exchange rates offered in the market are the same among its participants, as arbitrage opportunities can arise otherwise. The foreign exchange market is probably one of the most accessible financial markets. Market participants range from tourists and amateur traders to large financial institutions (including central banks) and multinational corporations. Also, the forex market does not only involve a simple conversion of one currency into another. Many large transactions in the market involve the application of a wide variety of financial instruments, including forwards, swaps, options, etc. Foreign currency exchange (forex) A foreign currency exchange rate is a price that represents how much it costs to buy the currency of one country using the currency of another country. Currency traders buy and sell currencies through forex transactions based on how they expect currency exchange rates will fluctuate. When the value of one currency rises relative to another, traders will earn profits if they purchased the appreciating currency, or suffer losses if they sold the appreciating currency.  
×
×
  • Create New...
us