AXP — Projected Harmonic Cluster at VWAP SupportAmerican Express CompanyBATS:AXPpricewerkAXP — Projected Harmonic Cluster at VWAP Support American Express is currently developing a technically interesting corrective structure on the daily chart. The key element of this analysis is the projected harmonic cluster, where a potential Gartley + Cypher completion zone aligns with the projected VWAP support. This creates an important confluence area around 193 USD. From a harmonic perspective, the current price action suggests that AXP may continue to correct lower and gradually move toward this projected cluster. As long as price remains below the major Fibonacci retracement levels above, the preferred scenario is a continuation of the corrective leg into the green PRZ and VWAP support area. Main target: 193 USD The area around 193 USD is especially relevant because several technical factors come together at this level: Projected VWAP support Gartley completion zone Cypher completion zone Deep corrective target after the previous major advance If price reaches this zone, I would expect a technical reaction or pullback from that area. The likely upside reaction targets would be the marked Fibonacci retracement levels above, especially the 38.2%, 61.8% and 78.6% retracement zones, depending on the strength of the reversal. Expected path The preferred scenario is a continuation lower into the harmonic cluster around 193 USD. Once this projected VWAP-supported zone is reached, a bullish pullback toward the Fibonacci retracement levels above becomes the more attractive technical scenario. From a timing perspective, if the structure continues to unfold harmonically, the current downward movement could be completed around September 2026. This would fit well with the projected geometry of the pattern and the expected completion of the harmonic correction. Conclusion AXP remains in a projected corrective phase. The main target is the harmonic Gartley + Cypher cluster around 193 USD, where the projected VWAP may act as strong dynamic support. If price reaches this area by September 2026, a pullback toward the Fibonacci retracement levels above would be the preferred technical scenario.