GBP/USD 15-Minute Chart: Bearish Reversal at Harmonic Completion

3 Mar

The chart showcases a well-defined harmonic pattern, the Shark, with the price reaching the terminal zone at 1.2670, marked by a red downward triangle. This suggests a potential reversal zone where selling pressure may emerge.

Key observations:

• The price has reacted strongly at the completion point, aligning with Fibonacci extensions.
  
• Overbought conditions are evident in the RSI and other momentum indicators, indicating potential exhaustion of the bullish trend.
  
• Target levels:
  

T1: 1.26241
T2: 1.25741

Suggests a possible downside move if the reversal confirms.

Traders should watch for bearish confirmation before entering short positions, while bulls may seek a break above 1.2670 for further upside.

9 Mar

İşlem kapandı: durdurma seviyesi