IXI.ETF Weekly Chart Outlook

When a CLUSTER of 3 DEMAND LINES are being tested by the PRICE ACTION, one dating back to 2011 within a MAJOR UPTREND, one may lower their TF to daily to see if there may a boil of some sort ? Do we need any more analysis with IXI other than to perhaps visit IShares AU website for their FactSheet and PDS ?

Is tape/chart reading as simple as B/W rules or are there a shades of Grey ?

Weekly chart of IXI below.



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