ASX 200 has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a possible target level to be around 8636.5996 within the next 23 hours.
Breach of 8696.5000 could mean a start of a bearish trend on ASX 200
