After demolishing the support line of the short term hourly/daily up trending channel ( not shown) which turned out to be a distribution pattern ( benefit of the hindsight) lets see how deep the current correction may be ?
With second to none charting software @ https://stockcharts.com/ lets take a proper count by assigning correct parameters to our All Ords 1 Box PnF chart. All shown on the chart not requiring any descriptive analysis. I hope I counted my columns correctly this time !
Weekly charts are now best suited for XAO analysis, I must also add.
As always double click on chart to see the enlarged version.
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