Hi aus, I noticed a potential 'Effort Vs Reward Failure' on ARI...

Hi aus,

I noticed a potential 'Effort Vs Reward Failure' on ARI Wave chart recently.
The wave chart just show's the cumulative volume for each wave, which can be compared with each other to judge the strength or weakness in the buying and selling waves.

In simple terms, a lot of Effort was put in (as volume) with little Reward for that Effort.

You can see the 40 (40mil) to the downside (marked).
That was Easily enough downside volume to make a new lower low, however it didn't, so it must have been supported,
and whats more to confirm it, it went up a little after that.....

Just going sideways at the minute, with potential resistance above @ 1.395 & 1.43.
Perhaps mopping up supply.

cheers