Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on ASX 225?

Should we expect a breakout or a rebound on ASX 225?

Should we expect a breakout or a rebound on ASX 225? post thumbnail image

An emerging Rectangle has been detected on ASX 225 on the 15 Minutes chart. There is a possible move towards 7909.9267 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

Supported by RSI above 60

Target: 7909.9267 Entry: 7948.8 Stop: 7968.8

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