ASX 200 is heading towards the resistance line of a Channel Up. If this movement continues, the price of ASX 200 could test 8854.1226 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
After testing the resistance line numerous times, ASX 200 is once again approaching this line. Can we expect a bullish trend to follow?
