All The Target DoneHere's a breakdown of what the chart shows and why "target done" is applicable:
• The Movement: The chart displays a significant V-shaped recovery and surge starting around September 27th or 28th and continuing up to the current date (October 4th).
• The Target Area: The large green shaded box highlights the upward trajectory and covers the area where the price has been moving. The upper limit of this green box and the price levels around the $122,000 to $123,000 mark appear to be the region of the achieved target.
• Current Price Action: The current price is displayed as $122,506.9, which is at the upper end of the recent upward movement and well into the highlighted green zone.
• Inferred Trading Context: In a trading context, it suggests that a long (buy) position was likely entered near the bottom of the V-shape, perhaps around the $110,000 to $112,000 area, with a profit target set near the current price level. Since the price has reached or exceeded that upper range, the objective has been met, hence "target done."
In short, the chart clearly illustrates a successful, powerful move to the upside, indicating that the profit goal (target) for that particular trade setup has been achieved (done).
