JD.com Bullish ABCD Harmonic Pattern Setup

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JD.com (JD) is forming a bullish ABCD harmonic pattern, with the current price advancing from point C toward the projected D completion zone. Based on the Fibonacci measurements, the AB=CD projection and 1.618 extension align near $56–57, suggesting a strong potential target area and confluence with the upper channel resistance.

A sustained move above $46.5 (B point) would confirm the continuation toward the D leg target. Momentum indicators are gradually turning positive, supporting the bullish bias in this setup.

Invalidation:
If price reverses and breaks below the C point, the ABCD harmonic structure would be invalidated, signaling potential weakness or a deeper retracement.

Aviso legal

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