The next key step for Visa should be overcoming resistance at $394.49 during magenta wave [iii]. However, if support at $339.61 fails to hold, our alternative scenario (33% probability) will be activated—suggesting the recent high already marked the end of the corrective wave alt. in magenta. In that case, a renewed decline below the $299 mark would be likely, aiming to complete the alternative turquoise wave alt.4 on a larger scale.
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📊 Free daily market insights combining macro + Elliott Wave analysis
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Related publications
Disclaimer
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