Visa Inc. (NYSE: V) presented a good weekly buying opportunity in 2022 and it’s been rallying into new all time highs since then. Last year, we explained the Bullish Nest Structure taking place and the reasons to expect more upside for the stock. In this article, we continue exploring the bullish structure taking place within the weekly cycle and present our view for the rest of the year.
Firstly let’s start by counting the swings sequence from October 2022. We clearly see 5 swings into new highs with swing number 3 as the shortest. That is to say, this is not an Elliott Wave count because the 3rd wave can’t be the shortest within a regular impulsive count. Moreover, the swing count for an impulse is 5, 9, 13 and therefore the count for Visa is missing two more swings to the upside to finish 7th & 9th swing.
Visa V Swings Count
Looking at Visa Elliott Wave count, we are still expecting the stock to trade higher within wave (III). In other words, the stock should be doins a series of 4th & 5th waves to end the cycle from 2022 low. Consequently, the honeymoon period has already passed within wave ((3)) of III which is usually the strongest and clearest wave within a bullish cycle.
After that, the stock will correct lower the entire cycle in wave (IV) within a larger degree 3 waves pullback and it will represent another investing opportunity within the weekly cycle.
Visa V Weekly Chart 3.13.2025
In conclusion, Visa V is showing an incomplete bullish sequence count from 2022 low and consequently we only favor buying the daily pullbacks in 3 , 7 or 11 swings as we expect more upside to take place this year until it ends the 5 waves advance from 10.2022.
source: https://elliottwave-forecast.com/stock-market/visa-v-bullish-cycle/