ASX 200 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Important resistance line being approached by ASX 200. This price has been tested numerous time in the last 3 days
