Visa Inc. (NYSE: V) has experienced a rally since 2022, reaching new all-time highs. This article examines the current bullish structure within the stock’s weekly cycle and future expectations.
Since October 2022, the stock has shown five upward swings, with swing number three being the shortest. The analysis indicates that Visa’s count is missing two additional swings to complete the cycle.
Elliott Wave Analysis And Future Projection
The current Elliott Wave analysis suggests the stock is expected to increase further in wave (III), followed by a correction in wave (IV). This correction could provide another buying opportunity within the weekly cycle.
Overall, Visa is displaying an incomplete bullish count from the 2022 low, with potential for continued gains this year as it approaches the completion of its five waves advance.
The stock has been displaying strong upward momentum since late 2022, steadily forming a series of higher highs and higher lows. The structure we see today suggests that this trend has not yet run its full course. With only three upward movements fully established and a total of five expected, there remains more ground to cover before the pattern concludes.
We can anticipate continued upside movement in what appears to be the next phase of this advance. Current projections point towards further appreciation in wave (III), following the established sequence. Once this leg is complete, a corrective move, labelled as wave (IV), is likely to follow. Such a pullback would not indicate trend exhaustion but rather serve as a temporary reset before resuming higher.
Potential Buying Opportunities Ahead
For those navigating price fluctuations, the forthcoming stages bear watching. The anticipated dip in wave (IV) could present new opportunities, particularly for those seeking entries within the broader upward trend. Timing will be key when assessing retracement levels, as corrections within bullish structures often lead to renewed strength.
The larger pattern remains incomplete, suggesting overall direction remains intact for now. Until we see confirmation of five fully developed movements from the October 2022 low, expectations should stay aligned with the potential for further upside before this cycle concludes.
