Whats happening here IMO, is the All Ords is consolidating around 6000 ish in the big picture
all the trend lines,long term Fibonnaci,and round numbers are pointing to this scenario.
If you take the all time high 6873 deduct the recent low 5164 divide the difference by 2( to find the MEAN) it equals 6018
wich is consistent with the rough round numbers
5000 6000 7000.
Wich puts us currently at the bottom of this large consolidation pattern.
the daily MACD and RSI divergence spanning from the Jan low to now also strongly supports this
xao technical bottom
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