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.
Related Posts
FTSE 100 keeps moving closer towards 8814.3701. Will it finally breach this level?
FTSE 100 is approaching a resistance line at 8814.3701. If it hits the resistance line, it may break…
Important support line being approached by FTSE 100. This price has been tested numerous time in the last 7 days
FTSE 100 is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a…
ASX 200 is currently testing a level of 8547.2002. Will the breakout continue or will things reverse?
ASX 200 has broken through a line of 8547.2002. If this breakout holds true, we could see the…