Aurum Markets Blog Technical Analysis A potential bearish movement on ASX 225

A potential bearish movement on ASX 225

A potential bearish movement on ASX 225 post thumbnail image

ASX 225 is heading towards the support line of a Rising Wedge. If this movement continues, the price of ASX 225 could test 8148.0250 within the next 5 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Target: 8148.025 Entry: 8162.8 Stop: 8180.9

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