AUS200 has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 15 days and suggests a possible target level to be around 7125.4925 within the next 3 days.
Related Posts
A possible move by ASX 200 towards 8142.3097
This trade setup on ASX 200 is formed by a period of consolidation; a period in which the…
Important price line breached by Nikkei 225. This price has been tested numerous times before.
Nikkei 225 has broken through a support line. Because we have seen it retrace from this price in…
A possible move on ASX 200 as it heads towards resistance
ASX 200 is heading towards the resistance line of a Channel Down and could reach this point within…