Standard Bank almost ready for a good buy to R200 or Goodbye

Cup and Handle has clearly formed on Standard Bank.
I don't like this Bearish engulfing candle that formed.
The price didn't break above the brim level so we will have to be a bit patient before buying.
We then have other bullish signs in the meantime.
7>21>200 - Moving Averages
RSI>50 -
Target R200.00

CONCERNS: Obviously we are not going to buy until we get the break. This can either go up or can crash heavily.
All we can do is wait and act accordingly.