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Visa Inc., Elliot Wave Analysis

8/31/2022 11:42 AM

The price is in a correction and may grow.

On the daily chart, the third wave of the higher level (3) ended and a downward correction forms as the fourth wave (4). Now, the wave A of (4) has formed, and the wave B of (4) is developing, within which the wave a of B has formed, and the wave b of B is developing. If the assumption is correct, the asset will grow to the area of 226.95–236.61. In this scenario, critical stop loss level is 185.10.

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