Visa: Bottom Already Established?

Visa might have already reached the low of the magenta wave [iv]; however, for now, we allow slightly more room for the downside. Nonetheless, once this interim correction has concluded, the price should proceed higher during the magenta wave [v] and surpass the resistance at $366.34. We currently consider it 34% likely that the stock will break above this level to form a fresh high with the magenta wave alt.[iii]. But primarily, we view the regular wave [iii] as already complete.