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Visa Inc., Elliot Wave Analysis

10/26/2022 11:40 AM

The price is in a correction, a fall is possible.

On the daily chart, the third wave of the higher level (3) formed, and a downward correction is forming as the fourth wave (4), within which the wave C of (4) develops. Now, the third wave of the lower level iii of C has formed, and a local correction is forming as the fourth wave iv of C. If the assumption is correct, the price will fall to the area of 170.00–160.00. In this scenario, critical stop loss level is 201.97.




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