Visa Testing Key Support As Market Awaits Bullish Confirmation

After a strong rebound from the November lows, Visa (V) experienced a sharp corrective move following news-driven pressure related to potential regulatory limits on credit card lending. The stock declined sharply from the 358 area, shifting the short-term structure into a corrective phase rather than an impulsive continuation.

From a technical standpoint, the move lower appears to be developing as a possible flat correction in wave B. Price action has now reached an important structural zone, with the 298 level standing out as key support. This area aligns with the previous wave four of a lesser degree, which often acts as a high-probability reaction zone in ongoing trends.

The decline into the 290–300 region is also forming a clear three-wave structure, suggesting that downside momentum may be approaching exhaustion. If this support area holds, it would strengthen the case that the broader pullback is corrective in nature within a larger bullish structure, rather than the start of a deeper reversal.

Going forward, confirmation for renewed bullish momentum would come with a break and sustained move above the 328 level. This would indicate that buyers are regaining control and that the correction phase may be complete.