Aurum Markets Blog Technical Analysis ASX 225 approaching support of a Triangle

ASX 225 approaching support of a Triangle

ASX 225 approaching support of a Triangle post thumbnail image

A Triangle pattern was identified on ASX 225 at 8321.0, creating an expectation that it may move to the support line at 8293.2427. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 8293.2427 Entry: 8321 Stop: 8352.6

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