VISA INC.: WAVE ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 265.32 |
| Take Profit | 277.50, 295.00 |
| Stop Loss | 256.00 |
| Key Levels | 227.75, 242.35, 256.00, 277.50, 295.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 255.95 |
| Take Profit | 242.35 – 227.75 |
| Stop Loss | 260.50 |
| Key Levels | 227.75, 242.35, 256.00, 277.50, 295.00 |
Growth is possible.
On the daily chart, the third wave of the higher level (3) ended, a downward correction formed as the fourth wave (4), and the fifth wave (5) develops, within which the third wave of the lower level 3 of (5) forms. Now, the wave iii of 3 develops, within which the wave (iii) of iii ended. If the assumption is correct, after the local correction (iv) of iii, the asset will grow to the area of 277.50–295.00. In this scenario, critical stop loss level is 256.00.
Main scenario
Long positions will become relevant above the level of 256.00 with the targets at 277.50–295.00. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 256.00 will let the asset go down to the area of 242.35–227.75.
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