Cabana Capitals Blog Technical Analysis A potential bullish movement on ASX 225

A potential bullish movement on ASX 225

A potential bullish movement on ASX 225 post thumbnail image

Emerging Channel Down pattern in its final wave was identified on the ASX 225 30 Minutes chart. After a strong bullish run, we find ASX 225 heading towards the upper triangle line with a possible resistance at 8108.4645. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.

Target: 8108.4645 Entry: 8091.4 Stop: 8057

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