ASX 200 was identified at around 8487.9 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8550.4429 level.
Important resistance line being approached by ASX 200. This price has been tested numerous time in the last 14 days
