Visa Inc Fibonacci Channel

Looks like bears are going to be shaken out.

• Price is at Golden Ratio 0.618 of the general Fibonacci Channel.
  
• As the price deepens into cold colors of fib levels, an opposite reaction is expected with relative rate.
  
• Best confirmation for a safe long entry is in a circumstance where price stabilizes in cold colors then breaks above the downward dashed line.
  

We can see how market behaved so far when price was falling to 0.618. Same behavior can be seen at 0.786 if downtrend doesn't reverse this month.