SUMMARY
The below chart of Visa (V) shows a phenomenal rise of five Elliott Waves at Primary degree of trend. One aspect that is ver noticeable is the extended 5th wave. Now, might you consider doing when you see an extended 5th wave? Turn, don't walk but run! IF this Elliott Wave count is correct; then something very negative is coming to Visa (V). I know not the nature or the details of the news or events; but as R.N. Elliott himself said, news or events will arrive to justify the forecast! What happens after a five wave impulse motive? There is a requisite retracement; a.k.a. a correction.
IF this analysis is correct, the requisite correction could be swift, sizable, scary and near devastating for many shareholders who remain holding. The red ABC for now is drawn towards the prior wave 4 (white) but given the extended 5th, it could be quite deep towards the prior wave 2 (white); as shown by the red C (?), dotted line. The MACD seems ready to support this decline as these are weekly charts. Again, I don't know what the fundamental reasons or news or events will be used to justify such a decline; but something ominous could be coming this way for Visa. Yes, Visa could still make incremental higher highs; but to me; such could be great exit points.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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I holded Visa for a long time, sold last year. It was my best stock investment based on risk/return. Your analysis is crazy bearish, i hope it will become true because I want to buy again.
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My idea is that Visa will benefit from crypto because commpanies like Tenx that offer crypto debit cards will use Visa systems to make crypto usable anywhere where Visa is accepted, basically a piggy back.
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Probably Crypto coming for Visa :) When on top one way to fall.
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Thanks for information @haejin. I think who R.N. Because I am Herman RN hehehe
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We benefit from these analyzes in depth and focus
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Indeed.
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excellent
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Looks very similar to MasterCard!!
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Impressive content, everything is detailed and explained. I like it
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@haejin thanks a lot for the very nice piece... Now I know the right time to sell/buy my SBD
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