Wayward!...
Fair comment and I agree that there are larger degree Distributions as posted below here. Whether these are two of the three that you are refering too I can't be sure. However, my earlier post is obviously refering to a shorter timeframe BUT, because of the significance of the "rejection and failure" below the larger degree timesframes POC's(Distribution Areas), the Hourly chart is giving us an early warning of probable confirmation of another Lower low to be expected soon.
Anyway, here are my Daily charts to highlight the two larger degree "Distribution Areas" I am refering too. I believe notations on them are self-explanatory.
Well, I hoped to post them but atm HC is unable to upload images so I'll post them B$ the markets open later today.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |