RAC - Charts & Price Action, page-7100

Anyone recognise this sort of trading on RAC? Iceberg Orders - yet another advantage for the big guys!

https://www.asx.com.au/documents/resources/asx_trade_new_order_types.pdf

About Iceberg Orders
Iceberg Orders will provide for large limit orders where only a portion (the displayed volume) of the
total order volume will be shown and immediately executable. The displayed volume acts as a limit
order in terms of price-time priority execution. Once the displayed volume has been executed, the
Iceberg Order will drop to the bottom of the time queue at its specified price, and the displayed
volume will be replenished from the hidden portion of the order. The order cycles through until the
total volume is executed.
Features of the Iceberg Order:
• The Iceberg Order is a CLOB order type that will trade against all other CLOB orders
in price/time priority
• There are two components to an Iceberg Order; the shown quantity and the total order
quantity
• The minimum limit on the shown quantity is 5,000 shares