Emerging Channel Up detected on ASX 200 – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 8472.0 and it is expected to move to 8423.9500.
Because ASX 200 formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
