Market Snapshots

Visa Wave Analysis – 22 June, 2020

Visa Wave Analysis – 22 June, 2020

• Visa rising inside impulse wave (v)

• Likely to reach 200.00

Visa continues to rise inside the minor impulse wave (v), which started recently from the support zone lying between the support level 188.00 (low of the daily Hammer Doji from end of May), lower daily Bollinger band and the 61.% Fibonacci retracement of the upward impulse from the middle of May.

The active impulse wave (v) belongs to the extended upward impulse sequence 3, inside which Visa has been steadily rising from April. Visa is likely to rise further toward the next round resistance level 200.00 (which stopped the previous (b)-wave earlier this month).

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