Market Snapshots

Visa Wave Analysis – 11 October, 2019

Visa Wave Analysis – 11 October, 2019
  • Visa rising inside impulse wave (3)
  • Likely to rise to 185.00

Visa recently reversed up from the support zone lying between the support level 167.00, lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from June.

The upward reversal from this support zone started the active medium-term impulse wave (3).

Visa is expected to rise further and retest the next resistance level 185.00 (monthly high from July and September).

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