Visa Inc. (V) is currently experiencing a corrective counter-trend phase, characterized by a ZigZag structure identified as Intermediate wave (4). The direction indicates a potential bottoming out in wave (4). The analysis suggests that there may be an Intermediate wave (3) completion, given the correction’s magnitude aligning with a wave (2) of the same degree. This provides valuable insights for investors looking to navigate the market effectively.
On April 22, 2024, the Elliott Wave analysis of Visa Inc. on the daily chart revealed interesting patterns and movements. The current correction, in terms of magnitude, seems to align with the same degree wave (2), indicating a possible Intermediate wave (3) in place. This analysis is essential for investors seeking actionable information to make informed decisions in the market.
The 4-Hour Chart Perspective
Zooming into the 4-hour chart, Visa’s corrective phase continues within Intermediate wave (4), focusing specifically on wave A. The analysis suggests that the correction may have found a bottom in wave A, supported by bullish divergence observed in the Relative Strength Index (RSI). Alternatively, there is a possibility of a sharp wave (4) unfolding, alternating with a sideways wave (2) pattern. This detailed analysis provides a comprehensive view of Visa Inc.’s trading patterns.
Technical analyst Alessio Barretta provides valuable insights into Visa Inc.’s Elliott Wave analysis. With a keen eye on trading patterns and market trends, Barretta’s analysis delves deep into the corrective phase observed in Visa’s trading charts. His expertise adds another layer of understanding to the complex world of Elliott Wave analysis.
Visa Inc.’s Elliott Wave analysis offers a unique perspective on the market trends and trading patterns. By carefully examining the corrective phase and potential wave completions, investors can make informed decisions to navigate the market effectively. With insights from experts like Alessio Barretta, traders can gain a deeper understanding of Visa Inc.’s trading movements and anticipate future market trends.