Visa breaks higher after completing A-B-C correction, wave five targets new highs

Gregor Horvat Wavetraders

Visa has delivered a very clean and almost textbook retracement from the 2025 highs. The decline unfolded as a clear three-wave A-B-C correction, reaching the 293–300 support zone, where we were looking for the completion of the pullback and a reaction from the previous gap area.

Since then, price has developed a series of higher swing lows and has broken above the corrective channel resistance near 345, providing further confirmation that bullish momentum is returning. This suggests that wave five could now be underway, with the potential to push toward new yearly highs and possibly extend toward the 400 area.

In the short term, a temporary pullback would not be surprising. The broken corrective channel could now act as support around 342, while the Elliott Wave Oscillator may retrace toward the zero line, creating a potential setup for the next bullish move.

Highlights:

Visa completed a clear three-wave A-B-C correction into the 293–300 support zone.
A breakout above the corrective channel confirms renewed bullish momentum.
Wave five could target new yearly highs, with a possible extension toward 400.
Initial support is located around 342, where the broken channel may provide support.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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