ASX 200 is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again within the next 12 hours.
A Rising Wedge has formed, ASX 200 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
