ASX 225 is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of ASX 225 could test 7704.2466 within the next 12 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.
Supported by Upward sloping Moving Average
Target: 7704.2466 Entry: 7683.3 Stop: 7647
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An emerging Rising Wedge has been detected on LTCUSD on the 1 hour chart. There is a possible move towards 93.0067 next few candles. Once reaching support it may continue