Australian All Ordinaries (XAO) Short Term Outlook.

This analysis of Australian All Ords. (XAO) is for EDUCATIONAL PURPOSES ONLY. It is my view that, latest price action behaviour experienced with XAO has started the process of a MAJOR DISTRIBUTION/TOP. Bar marked as "Sign Of Weakness Bar" is likely to have follow through effect to higher time frames, in time off course. Distribution by smart money/better informed more often than not takes a while ( weeks/months) unless an inverse V correction is on hand. New highs with failed followed - through is also on the cards.
Unfortunately, one box PnF count can not be taken due to a missprint by the software.This said, I have a short horizon bearish price objective of 5847.50 at present from a properly constructed 1 box chart ( not shown).
Analysis continues with interesting times ahead.....