The XJO closed lower on today.
Spread and volume both reduced, and price traded inside the previous bars range all day - a very safe consolidation day of trading.
This looks like a non-threatening down bar, which has come back and tested the market for supply (and drawn out very little), while it waits for overseas markets to trade - Overseas markets were closed last Friday, so the markets wants some confirmation of direction.
cheers
.
XCL
australian commonwealth government loans
Really Fat Pizza, page-919
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