ABT | Bullish Harmonic Reversal Zone at Major Support
Abbott Laboratories is currently trading into a technically important reaction area on the daily chart.
After the strong decline from the 2025 highs, price has reached a potential harmonic completion zone where multiple projections appear to cluster. The area around 85–88 USD is especially relevant, as it aligns with:
* a potential Bullish Crab / Butterfly completion zone
* a visible harmonic pattern cluster
* a long-term rising support / moving average area
* a psychologically important former support region
* an oversold recovery attempt on the RSI
From a structure perspective, ABT has completed a sharp corrective leg into the projected D-zone. This makes the current area interesting for a possible bullish reversal, but confirmation is still important.
The first key signal would be a strong daily reaction from the current zone, ideally followed by a reclaim above the short-term structure around **88–90 USD**. A higher low after that reclaim would strengthen the bullish case.
Bullish Scenario
If price confirms support in the current zone, the first upside objective would be the lower Fibonacci retracement area around **104–106 USD**. Above that, the next relevant targets are located near:
**TP1:** 104–106 USD
**TP2:** 118–120 USD
**TP3:** 136–138 USD
The 0.618 retracement area near 118–120 USD is particularly important, as this would be the first major test of whether the reversal is only a corrective bounce or the beginning of a broader recovery.
Bearish Scenario
The setup loses quality if ABT fails to hold the harmonic completion zone and breaks clearly below the current support area. A decisive daily close below the PRZ would indicate that the pattern is failing and that lower prices could follow.
For now, the chart is not a blind long signal, but it is a technically attractive reversal watchlist setup. The current zone offers a clean risk-defined area, while the upside potential remains significant if buyers step in.
Conclusion:
ABT is trading at a relevant harmonic support cluster. A confirmed bullish reaction from this area could open the door for a recovery toward 105 USD, 120 USD and potentially 137 USD. Confirmation remains key.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.