Aspen With Weekly Low Confirmed (Bullish)

Aspen confirmed a weekly after finding support at the 200 week moving average, now price is seeking a half cycle high. On the RSI we can see it reaching an overbought level with TSI stretched to the upside, we can expect a pullback from here while price seeks to cool off the indicators before seeking to breakout from the purple Pitchfork resistance. It is also noteworthy that the low price setup a double bottom whose full confirmation indicates that price will reach the resistance of the weekly grey Pitchfork.

Kommentar:

Aspen managed to close above the purple pitchfork, now bouncing off the median line in search of a half cycle correction from which we can expect price to push higher.