Saturday 28 July 2018

VISA Inc - Elliott Wave Counts

The following monthly chart for Visa Inc shows the wave counts since the bottom it made in early 2009. That bottom is assumed to be wave 2 of a larger 5 wave impulse. Intermediate degree wave 5 could have started in Feb 2016. If this wave count is correct the stock may have already completed or nearing  completion of wave 5. Also if correct this implies an extended wave 5 which can retrace back to an eventual target of around USD 75.


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