Cup and Handle formed on a larger scale. 21>7 - Bearish Price >200SMA - Bullish RSI >50 -lower highs - Cautious 1st Target R142.49
Unfortunately, it's not looking good for the trade. It's close to the Stop loss.
It's for this reason I lowered the stop loss level below the 200MA. An order block formed which created Sell Side LIquidity. This is where Smart Money comes in and sweeps in all the sells (Buyers - stops) and Shorters (entries).
So if Smart Money is buying into this, we could get some upside. But like I said the trend has turned down and we mustn't get our hopes up.