Emerging Rising Wedge pattern in its final wave was identified on the ASX 200 15 Minutes chart. After a strong bullish run, we find ASX 200 heading towards the upper triangle line with a possible resistance at 8012.8774. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
After testing the resistance line numerous times, ASX 200 is once again approaching this line. Can we expect a bullish trend to follow?
