One of the likely scenarios for the current XAO trading range being an accumulation, not a redistribution, is shown at the weekly XAO Chart below. Until proven otherwise, I am treating this trading range as an accumulation not a re-distribution. For that be the case (accumulation) a further confirmation is required. We may be in the process of setting the boundaries of potential Phase C Wyckoff Accumulation, which is yet to be confirmed. A higher high closing week in the current week, would increase the probability of Phase C Accumulation.
For those of us familiar with the methodology, below is my tape reading from all available data so far.
A game of probability after all !
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