ASX 200 is on weekly bullish trend with price bounced back from support and Fib 0.5 level. Also bullish time cycle is completed and a weekly hidden bullish and daily regular bullish divergence.
In daily time frame price is in Bearish trend with price testing resistance at 7989.7.
If price breaks above this level the strong bullish momentum will continue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.