Cabana Capitals Blog Technical Analysis ASX 225 approaching resistance of a Ascending Triangle

ASX 225 approaching resistance of a Ascending Triangle

ASX 225 approaching resistance of a Ascending Triangle post thumbnail image

Emerging Ascending Triangle 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 7988.9 and it is expected to move to 8001.6880.

Supported by Upward sloping Moving Average

Target: 8001.688 Entry: 7988.9 Stop: 7966.9

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post