AUS200 1H – Bullish Falling Wedge Eyeing 8,690Australia 200 CashEIGHTCAP:ASX200amiartarikThe 1h AUS200 shows a corrective falling wedge within a broader uptrend, coupled with bullish RSI divergence, favoring an upside resolution. Main scenario Price is compressing in a falling wedge after an impulsive drop, with contracting volatility and declining volume, suggesting seller exhaustion. A breakout above the wedge resistance would confirm a bullish reversal, with the target projected using the wedge height toward the marked resistance zone around 8,680–8,690, near prior supply and moving-average confluence. Alternative scenario Failure to break the wedge top and a decisive close below the lower boundary would invalidate the bullish setup and reopen downside toward the recent swing lows and next support band around 8,520–8,500