Hi motorway. Dont worry about the OHLC. Just plot a simple line...

Hi motorway.

Dont worry about the OHLC. Just plot a simple line chart and you wont see a higher high higher low starting from the 17/11.

You are right regarding the coiling and tightening of the range. I still think SP has to tighten range even more maybe another day or two on lower volume. The longer SP tightens the stronger the move. It could be break in either direction as you mentioned but I am more inclined to say that it will break downwards due to the daily lead SP direction (musashi calls for an upward move) as the first option.

This 2nd option I'm more certain that than the first option and it will be a gradual SP decline with slightly increasing volume to find the next support level.

DYOR IMO