ASSETARTISAN 1. Break of Structure (BOS): A clear break of structure occurred, as indicated in the chart, signaling a shift in market momentum. This often aligns with a continuation of the prevailing trend.
2. Change of Character (ChoCH): The marked ChoCH points indicate shifts in market sentiment, transitioning from bearish to bullish. These are often early signals of trend reversals or continuations.
3. Order Block Reaction: The price reacted strongly within a demand zone (blue-shaded area). This suggests that institutional buying was present, driving prices upward toward the target.
4. Momentum and Volume: The strong bullish momentum (indicated by large candlestick bodies) supported the price's rapid movement to the target.
5. Trend Continuation: The price is in a clear bullish trend, with higher highs and higher lows forming, reinforcing the likelihood of hitting higher levels.
In summary, the combination of structural breaks, demand zone reactions, and bullish momentum contributed to the target being achieved.