Cabana Capitals Blog Technical Analysis A possible start of a bearish trend on ASX 225

A possible start of a bearish trend on ASX 225

A possible start of a bearish trend on ASX 225 post thumbnail image

ASX 225 has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we may see the price of ASX 225 testing 7773.7157 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.

Supported by Downward sloping Moving Average

Target: 7773.7157 Entry: 7804 Stop: 7848.1

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