VISA INC.: WAVE ANALYSIS

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VISA INC.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point276.70
Take Profit300.00, 310.00
Stop Loss266.55
Key Levels251.85, 259.50, 266.55, 300.00, 310.00
Alternative scenario
RecommendationSELL STOP
Entry Point266.50
Take Profit259.50, 251.85
Stop Loss268.83
Key Levels251.85, 259.50, 266.55, 300.00, 310.00

Growth is possible.

On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and the fifth wave (5) develops, within which the wave 3 of (5) forms. Now, the third wave of the lower level iii of 3 has ended, the local correction iv of 3 has formed, and the wave v of 3 has started. If the assumption is correct, the asset will grow to the area of 300.00–310.00. In this scenario, critical stop loss level is 266.55.

VISA INC.: WAVE ANALYSIS

VISA INC.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 266.55 with the targets at 300.00–310.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 266.55 will let the asset go down to the area of 259.50–251.85.


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