ASX 200 was identified at around 8314.2 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8363.9000 level.
Because ASX 200 formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
