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Visa Inc., Elliot Wave Analysis

2/1/2023 10:02 AM

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 development of the fifth wave (5) started. Now, the first wave of the lower level i of 1 of (5) has ended, a local correction has formed as the wave ii of 1 of (5), and the third wave iii of 1 of (5) is forming, within which the wave (iii) of iii is developing. If the assumption is correct, the asset will grow to the area of 245.00–255.00. In this scenario, critical stop loss level is 220.10.

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