GALLAGHER (AJG) – Top Completed Impulse May Trigger 15% Pullback

📊 Timeframe: Monthly
🎯 Direction: Bearish
✅ Target Zone: Around $280 (~15% drop)
📍 Current Status: Completed impulse wave, trendline under threat

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The chart illustrates a completed 5-wave impulse structure at the top of a long-term uptrend.
This pattern suggests a potential trend reversal, especially with a break below key support near $280.

A correction of at least 15% seems likely. The target zone aligns with the former wave 4 low and structural support.

📈 Summary:

• Impulse wave completed
• Uptrend vulnerable to breakdown
• Minimum 15% downside risk
• Key level: $280

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