Aspen With Weekly Low Confirmed (Bullish)
Updated
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.
Note
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.