Visa Breaks Higher After A-B-C Correction, Eyes New Highs
Visa's stock completed a three-wave A-B-C correction near the 293-300 support zone and is now breaking higher, with wave five targeting new highs above the 2025 peak.
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Visa (V) has completed a textbook A-B-C corrective pullback from its 2025 highs, finding support in the 293–300 zone as anticipated. The decline unfolded in a clear three-wave structure, setting the stage for the next leg higher.
With the correction now in the rearview mirror, price action is breaking to the upside, suggesting the start of a fifth wave that could carry the stock to fresh all-time highs. Traders are watching for confirmation above the previous high to validate the bullish outlook.
Source: FXStreet Forex News