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

Emerging Channel Down detected on ASX 225 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 8512.6 and it is expected to move to 8556.1123.

Target: 8556.1123 Entry: 8512.6 Stop: 8489.5

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