SUMMARY
AirSwap (AST) is showing a very clear Cup & Handle pattern. This pattern invalidates if the handle goes lower than the lowest point of the Cup formation. That hasn't occurred. Price has broken out of the downward wedge which is forming the handle of the pattern. However, the breakout doesn't look impulsive and so not genuine.
The subwaves show that the ABC could be complete but we've seen this before and the breakout will likely lead to a lower low rather than two rounds of impulse up. This means that the whole correction could go complex.
So, here is the complex Elliott Wave scenario. There is likley one more incremental lower low as the red Z wave.
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