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Visa Inc., Elliot Wave Analysis

1/18/2023 10:10 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 formed, a local correction has ended as the wave ii of 1 of (5), and the third wave iii of 1 of (5) is developing. If the assumption is correct, the asset will grow to the area of 235.00–245.00. In this scenario, critical stop loss level is 211.96.




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