ASX 200 has broken through a resistance line of a Channel Down and suggests a possible movement to 8363.2257 within the next 9 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.
ASX 200 broke through a resistance at 2025-02-20T11:00:00.000Z, with the price momentum continuing to move in an upward direction over the next hours, good opportunity presents itself with the price expected to reach 8363.2257.
