ASX 225 was identified at around 8525.2 having recently rebounded of the support on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Ascending Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 8553.2000 level.
Supported by Upward sloping Moving Average
Target: 8553.2 Entry: 8525.2 Stop: 8497

