Visa looks to be starting a lower degree wave 3 with the 1.618 extension falling at the $216.77 mark.
I like to make options trades on these waves. I do so buy purchasing an ITM call ($200 strike) and trying to swing the option to near the top of the wave (target $216). A Call Option with a $200 strike and expiration of 9/25 would cost me roughly $450. If my analysis is correct, I will look for profits in the range of $950 - $1150.
All of this ASSUMES the wave 4 (purple) correction is complete at the 0.236 retracement level so I will monitor closely and exercise proper risk management to mitigate any potential losses...
Let me hear your thoughts and as always, don't forget to hit the like and subscribe........