Emerging Channel Down pattern in its final wave was identified on the ASX 200 4 hour chart. After a strong bullish run, we find ASX 200 heading towards the upper triangle line with a possible resistance at 8181.8730. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
Related Posts
A possible move on ASX 200 as it heads towards support
An emerging Channel Down has been detected on ASX 200 on the 1 hour chart. There is a…
After testing 8208.1201 numerous times, FTSE 100 has finally broken through. Can we expect a bullish trend to follow?
FTSE 100 has broken through a resistance line. It has touched this line numerous times in the last…
Nikkei 225 is approaching a resistance line of a Triangle. It has touched this line numerous times in the last 36 days.
A Triangle pattern was identified on Nikkei 225 at 38767.0, creating an expectation that it may move to…