Chart Buy analysis
- Confidence
- 75
- Entry
- 4,141.12
- Target
- 4,212.82
- Stop
- 4,117.21
- Published
- 2026-09-30
Summary
The asset has completed a strong rounded bottom recovery following a sharp drop from above 4300, triggering an automated BUY signal near 4141.115. Price action has successfully hit TP1 and is currently consolidating above initial entry levels with bullish moving average alignment.
Trend
The chart displays a sharp impulsive decline from the 4300 region down to a local swing low around 4110. Following this drop, price established a clear double-bottom support around 4110-4117 and reversed strongly back upward. Short-term moving averages have crossed back into a bullish configuration, with the fast MA sloping upward above the slow MA. A breach below the swing support at 4117.212 would fully invalidate this bullish recovery trend.
Patterns
A classical 'V-shape' or double-bottom reversal pattern formed between September 28 and 29 near the 4110 level. The breakout above the immediate neckline near 4141 confirmed the trend reversal, generating an explicit BUY signal tag. Price action is currently consolidating after reaching TP1, forming a brief flag/pullback structure that typically resolves upward toward TP2 and TP3.
Indicators
The bottom oscillator showed an extreme oversold condition near the 20 level around September 28, marked by a green 'Bull' signal. It has since climbed steadily back into healthy bullish territory, currently printing a value around 53.87 with a signal line at 56.07. Moving averages on the main chart remain in a bullish alignment above the entry zone, providing active dynamic support.
Strategy
Maintain a bullish bias following the active BUY signal trigger at 4141.115, with optional re-entry on minor pullbacks toward 4160-4170. Risk is strictly defined below the structural low with a stop loss at 4117.212. The trade aims for multi-stage profit targets, with TP2 at 4188.921 and final target TP3 at 4212.823.
For reference only, not investment advice. Trading decisions are your own.