Emerging Rising Wedge pattern in its final wave was identified on the ASX 200 4 hour chart. After a strong bullish run, we find ASX 200 heading towards the upper triangle line with a possible resistance at 8341.1243. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
Important resistance line being approached by ASX 200. This price has been tested numerous time in the last 14 days
