Visa Is Ready To Move to All Time Highs 🚀
Right now,
V is putting on a masterclass in technical structure. If you’re a fan of high-probability setups, you’ll want to lean in for this one.
We aren't just looking at candles, we’re looking at a story of supply, demand, and a massive psychological barrier.
The Ascending Channel
For over a year, Visa has been climbing a beautiful an ascending parallel channel. This tells us one thing, the bulls are firmly in control of the long-term narrative.
The Doubble Top Barrier
Take a look at that yellow line on the chart. We’ve seen Visa knock on the door of the $360 range before, only to be turned away. This created a Double Top, a classic sign that sellers were defending their territory.
However... something has changed.
The recent price action shows a series of higher lows pushing right back up against that ceiling.
In trading, we say: "The more a level is tested, the weaker it becomes."
The wall is thinning.
The buyers are no longer retreating, they are camping out at the gates waiting for the last push
The Execution Plan
Precision is Key.
A wise trader once said: "Don't trade what you think, trade what you see."
While the image suggests an 81% success rate, the magic isn't in the prediction, it's in the execution.
We are looking for a decisive move above the horizontal resistance (the yellow line). We want to see volume backing this move, that’s the fuel for the breakout. $360 is a reasonable price to place a buy order from my point of view.
Our eyes are set on the upper boundary of the ascending channel, near the $380 - $400 zone, but previous highs are a more easy to reach target.
Always use a Safety Net (Stop Loss): A break back inside the consolidation zone (below the recent higher low) tells us the story has changed, and it's time to exit.
💡Why This Matters
Patience is our edge. We only execute once that resistance shatters, a discipline backed by the study of thousands of historical setups. If the story changes and the trade fails? No ego. We respect our tight SL, exit cleanly, and hunt for the next opportunity.
👇 WANT MORE?
🚀 Hit the rocket, read my profile and follow so we can find each other again :)
Right now,
V is putting on a masterclass in technical structure. If you’re a fan of high-probability setups, you’ll want to lean in for this one. We aren't just looking at candles, we’re looking at a story of supply, demand, and a massive psychological barrier.
The Ascending Channel
For over a year, Visa has been climbing a beautiful an ascending parallel channel. This tells us one thing, the bulls are firmly in control of the long-term narrative.
The Doubble Top Barrier
Take a look at that yellow line on the chart. We’ve seen Visa knock on the door of the $360 range before, only to be turned away. This created a Double Top, a classic sign that sellers were defending their territory.
However... something has changed.
The recent price action shows a series of higher lows pushing right back up against that ceiling.
In trading, we say: "The more a level is tested, the weaker it becomes."
The wall is thinning.
The buyers are no longer retreating, they are camping out at the gates waiting for the last push
The Execution Plan
Precision is Key.
A wise trader once said: "Don't trade what you think, trade what you see."
While the image suggests an 81% success rate, the magic isn't in the prediction, it's in the execution.
We are looking for a decisive move above the horizontal resistance (the yellow line). We want to see volume backing this move, that’s the fuel for the breakout. $360 is a reasonable price to place a buy order from my point of view.
Our eyes are set on the upper boundary of the ascending channel, near the $380 - $400 zone, but previous highs are a more easy to reach target.
Always use a Safety Net (Stop Loss): A break back inside the consolidation zone (below the recent higher low) tells us the story has changed, and it's time to exit.
💡Why This Matters
Patience is our edge. We only execute once that resistance shatters, a discipline backed by the study of thousands of historical setups. If the story changes and the trade fails? No ego. We respect our tight SL, exit cleanly, and hunt for the next opportunity.
👇 WANT MORE?
🚀 Hit the rocket, read my profile and follow so we can find each other again :)
🚀 Simple Chart Patterns. Serious Profits.
📈 +200% returns
🎯 70%+ win rate (audited)
Trade smarter, not harder.
👉topchartpatterns.substack.com/subscribe
📩 Business: info@topchartpatterns.com
📈 +200% returns
🎯 70%+ win rate (audited)
Trade smarter, not harder.
👉topchartpatterns.substack.com/subscribe
📩 Business: info@topchartpatterns.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Simple Chart Patterns. Serious Profits.
📈 +200% returns
🎯 70%+ win rate (audited)
Trade smarter, not harder.
👉topchartpatterns.substack.com/subscribe
📩 Business: info@topchartpatterns.com
📈 +200% returns
🎯 70%+ win rate (audited)
Trade smarter, not harder.
👉topchartpatterns.substack.com/subscribe
📩 Business: info@topchartpatterns.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.