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ASX 200 is signaling a possible trend reversal on the intraday charts with price not breaching support.

Emerging Triangle detected on ASX 200 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 8216.4 and it is expected to move to 8229.2679.

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Supports and resistances are primary concepts of technical analysis. DASHEUR is heading for an important price of 26.7000 – read about what this could mean for the future.

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