Inv Cup and Handle has been forming on Aspen.
The price is >20 and 200 showing that the momentum is down.
I am eagerly waiting for a strong break below, before I look at getting into a long holding short (sell trade).
My first target will be at R151.06
This one is tricky and I'd consider a medium to low probability trade.
Aspen has just had a few days worth of bearish candles. Strong selling has clearly taken place.
During the time, it's formed an M Formation.
The price has broken below the neckline however there are danger signs that it might not work out.
1. 7>21 - Bullish.
2. Price >200 and needs to...