ASX 200 is heading towards the support line of a Triangle and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A Triangle has formed, ASX 200 is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
