Siemens Healthineers — Gartley Completion at Historical OBSiemens Healthineers AGXETR_DLY:SHLpricewerkSiemens Healthineers is currently trading inside a technically important reaction zone on the daily chart. The core element of this setup is a clearly developed bullish Gartley pattern. What makes the structure particularly relevant is its origin: the pattern begins at the historical low and therefore incorporates one of the most important long-term reference points visible on the chart. After the corrective decline from the previous swing high, price has now reached the projected Gartley completion area and has already shown an initial reaction from the Potential Reversal Zone. Gartley Completion Zone The central Gartley completion level is located around 32.70 EUR. This area corresponds to the 78.6% retracement of the original XA leg and represents the primary Point D projection of the pattern. Price has reacted from this zone and is currently attempting to stabilize above it. The broader Gartley PRZ extends below the central completion level. This is important because harmonic reversal zones should not be interpreted as one exact price, but as a technical area in which a reversal structure may develop gradually. Historical Order Block Confluence The strongest structural confluence is located slightly below the Gartley completion level. The Order Block around 28.50–30.00 EUR originates from the historical low that also forms the starting point of the Gartley pattern. This gives the zone additional technical relevance. The setup therefore combines: * A clearly developed bullish Gartley pattern * A Point D completion near 32.70 EUR * A long-term Order Block derived from the historical low * A potential exhaustion area after the previous corrective decline The Gartley completion zone provides the first reaction area. The historical Order Block acts as a deeper support layer if price retests the lower part of the PRZ before a sustainable recovery develops. Expected Scenario The preferred scenario is a stabilization above the Gartley Point D area, followed by a gradual recovery toward the Fibonacci retracement targets above. The first major objective is the 38.2% retracement near 42.34 EUR. If the recovery develops with sufficient strength and forms a constructive higher-low structure, the next upside targets are: * TP1: 42.34 EUR * TP2: 48.28 EUR * TP3: 52.50 EUR * TP4: 57.89 EUR A temporary retest of the lower PRZ remains possible. Such a move would not automatically invalidate the bullish scenario, especially if buyers react inside the historical Order Block. Invalidation The bullish recovery scenario becomes weaker if price loses the lower boundary of the Gartley PRZ and fails to react from the historical Order Block. The deeper invalidation level is located below approximately 27.86 EUR. A sustained move below this area would indicate that the long-term support structure has failed and that the Gartley reversal scenario is no longer valid. Conclusion Siemens Healthineers has completed a well-defined bullish Gartley pattern whose structure begins at the historical low. The confluence between the Gartley PRZ and the historical Order Block creates a technically relevant support area between approximately 28.50 and 32.70 EUR. The initial reaction from Point D is constructive, but the market still needs to confirm that buyers can stabilize price above this support structure. As long as the broader PRZ remains intact, a recovery toward the first Fibonacci target near 42.34 EUR remains the preferred scenario.