Current Price: Approximately $108,497.
Trading Strategy Elements:
CHoCH (Change of Character): Marked near a consolidation area, indicating a potential trend reversal signal.
CB (Continuation Block) and BOS (Break of Structure): Highlighted zones showing important structural breaks and continuation patterns in the price action.
Trendline: A diagonal support line is drawn, showing the general direction of the upward trend before a pullback occurred.
Target Zones: Clearly defined with color-coded boxes indicating expected price movements.
First Target: Around $109,000.
Second Target: Around $110,500.
Final Target: Just above $111,500.
Time and Date: The chart is timestamped May 24, 2025, with the local system time showing 9:27 AM.
This setup indicates a bullish bias based on structure analysis, with clearly planned take-profit targets, likely forming part of a smart money or institutional trading strategy. The analyst appears to be preparing for a potential long position following a reversal from a recent low.