{"id":12411,"date":"2022-08-30T08:55:41","date_gmt":"2022-08-30T08:55:41","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12411"},"modified":"2023-05-12T08:58:00","modified_gmt":"2023-05-12T08:58:00","slug":"visa-about-to-start-a-historic-bull-cycle-similar-to-post-2009","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/08\/30\/visa-about-to-start-a-historic-bull-cycle-similar-to-post-2009\/","title":{"rendered":"VISA About to start a historic Bull Cycle similar to post 2009"},"content":{"rendered":"

 <\/p>\n

This is Visa Inc. (V) on the 1W time-frame. The primary pattern since the July 26 2021 All Time High (ATH) has been a Falling Wedge and the price continues to hold that formation after being rejected on the August 15 candle on the Lower Highs (top) trend-line. With the 1W MA50 (blue trend-line) crossing below the 1D MA100 (green trend-line), the first Bearish Cross since March 14 2011 has been formed!<\/p>\n

In fact that Bearish Cross capped off a similar trading pattern to that Visa has been trading in since mid 2019. This idea compared the two eras: 2019 – 2022 and 2008 – 2011.<\/p>\n

In 2011, the stock was trading within a Channel Down as the accumulation pattern instead of a Falling Wedge, with its Lows contained around the 0.5 Fibonacci retracement level. Following the Bearish Cross and the pull-back that came with it, the price made one last Lower High, pulled-back and then broke above the pattern aggressively. If the same formation continues to be repeated then we can have a break above the Falling Wedge by December\/ January. See also how the RSI and MACD patterns are similar.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/V\/Ppc2HSVr-VISA-About-to-start-a-historic-Bull-Cycle-similar-to-post-2009<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  This is Visa Inc. (V) on the 1W time-frame. The primary pattern since the July 26 2021 All Time High (ATH) has been a Falling Wedge and the price continues to hold that formation after being rejected on the August 15 candle on the Lower Highs (top) trend-line. With the 1W MA50 (blue trend-line)<\/p>\n","protected":false},"author":611,"featured_media":12412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1640],"tags":[],"class_list":["post-12411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12411"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12411\/revisions"}],"predecessor-version":[{"id":12414,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12411\/revisions\/12414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12412"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}