Where Will Visa Go Next Year

BATS:V   Visa Inc.
Weekly Chart of Visa.

Visa has had a very long and steep run from 2008 to 2021.

The Corrective Wave looks like a 3-3-5 regular flat correction, where the B wave retraced more than 90 percent of A wave. Currently, C wave is forming. Wave 1 of C wave has formed and wave 2 of C will retrace further, maybe even up to 78.6 percent of wave 1. There is support from trend line.

I expect Visa to go up till end of the year when wave 2 of C wave will complete. Next year, Visa will form waves 3-4-5 of C wave going between 100 to 161.8 retracement of A wave, depending on how strong/weak the market is. There are two support levels at 180 and 140 where C wave may end.


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