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Visa Inc., Elliot Wave Analysis

1/4/2023 10:15 AM

The possibility of growth remains.

On the daily chart, the third wave of the higher level (3) has appeared, the downward correction has ended as the fourth wave (4) and the fifth wave (5) is developing. At the moment, the first wave of the lower level i of 1 of (5) has formed and the local correction as wave ii of 1 of (5) has ended. If the assumption is correct, the price will rise to the area of 235.00–245.00. The level of 201.73 is critical and stop-loss for this scenario.

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