Here's a Point and Figure Chart for the All Ordinaries...

Here's a Point and Figure Chart for the All Ordinaries Index.

Recent action has resulted in a "low pole warning".

This suggests that supply has been absorbed and demand is taking over. (Using Wyckoff terms.)

A Low Pole Warning also suggests we might see some more down action before a break out above the most recent row of Xs.

A breakout above the top of the current row of Xs would be positive.

Good luck
Redbacka