Since becoming public at the bottom of the financial crisis, VISA had a pretty good run gaining more than 500%. But it looks tired and ready to head south. Under the Elliot Wave
Principle one can make a case we are wedging higher in a Diagonal triangle, an overlapping structure that should end with a thrust above the upper trendline
with heavy volume
. Once it comes back into the wedge
that would pretty much confirm the bears are running the show.
We are not there yet but it is a nice pattern to keep your eye on.