yauger

Ready to decline

Short
Visa (NYSE:V)  
NYSE:V   Visa
Visa has unfolded in a clear impulse wave since its 2009 low and regardless if we stutter higher the next big move of consequence will be on the downside towards 200.

I am bearish overall and Visa does not seem to be able to close above the upper trendline bolstering my confidence it is rollling over.

How it will reach the previous 4th wave zone ( 230-200 ) will tell us if there's more upside for long term but for now I am bearish and watching the basket carefully.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.