UPDATE Spar hit the target price R103.61 after a 15% crash!

1 ביוני 2023

Inverse Cup and Handle formed on Spar and price broke below the brim level.
This sparked fear and lead to a ton of selling and supply.
We had other indicators confirm for the downside to come.
200>21>7
RSI<30
And yesterday, the price went down 15% striking right through the target at R103.61.

Smart Money Concepts
Above the handle, formed a Buy Side Liquidity Order Block.

This is where Smart Money came and swept buying orders and sold into them, which caused the crash.
And it looks like Spar wants to drop even further! But I'll let you know.