Bears Feast at 8,867 - Complete Distribution ConfirmedAustralia 200CAPITALCOM:AU200jacesabr_real📍 To see my confluences and/or linework: Step 1: Grab chart 👉 Step 2: Unhide Group 1 in object tree 📊 Step 3: Hide and unhide specific confluences ✨ Double-click the screen to reveal RSI, MFI, CVD, and OBV indicators alongside divergence markings! 🔍 Title: 🎯 AU200: Bears Feast at 8,867 - Complete Distribution Confirmed The Market Participant Battle: Overconfident bulls who chased the falling wedge breakout from point 3 (8,720) to point 4 (8,867) have been decisively beaten by institutional bears. The volume footprint reveals the truth - despite 1.86K positive delta, price couldn't advance, confirming massive absorption by hidden sellers. This lower high at point 4 versus point 2 (8,876), combined with hidden bearish divergence across RSI/MFI/CVD and harmonic pattern completion, confirms smart money has distributed into retail buying. Price will collapse below 8,720 as trapped longs capitulate. Confluences: Confluence 1: Failed Wedge Breakout with Footprint Absorption The falling wedge from points 1-2-3 appeared bullish, but the breakout to point 4 is failing spectacularly. The last two green candles show NEGATIVE delta despite rising price. Footprint data confirms this - 434 buyers vs 359 sellers, 421 vs 283, yet price REJECTED. The wedge breakout trap is complete with institutional iceberg orders absorbing all buying. Confluence 2: Hidden Bearish Divergence Across All Indicators Price made a lower high from point 2 (8,876) to point 4 (8,867), while RSI, MFI, and CVD all made HIGHER highs. This hidden bearish divergence screams continuation. The oversold RSI/MFI readings are irrelevant - they can stay oversold for weeks in strong downtrends. Footprint delta divergence (-275 on green candle) confirms the divergence. Confluence 3: Quadruple Resistance Rejection with Volume Confirmation Point 4 perfectly rejected from: (1) 0.62 Fibonacci retracement, (2) 2nd VWAP deviation, (3) Volume Profile POC at 8,856, (4) Descending trendline from point 2, (5) Linear regression channel upper boundary. Footprint shows failed auction here with only 29-32 contracts at highs = buyer exhaustion. Confluence 4: Harmonic Pattern Triple Convergence Three bearish harmonics align: Double Top at 8,892-8,894 (neckline 8,707), Descending Triangle with flat support at 8,707, Non Star reversal pattern. Measured moves converge at 8,530. The footprint absorption at these levels confirms distribution before breakdown. Confluence 5: Bollinger Band & Volume Divergence with Delta Confirmation OBV touched upper Bollinger Band at point 4 - classic reversal. Volume declining on rally shows no conviction. Footprint reveals the truth: Total delta of -268 despite more buy orders (981 vs 821) = pure absorption. The -61, -67, -157 delta progression shows increasing selling pressure. Confluence 6: Anchored VWAP & Volume Gap Magnet VWAP anchored at point 1 shows point 4 touching the 2nd deviation - statistically significant rejection level. Volume profile shows massive gap below point 3 acting as magnet. Footprint confirms with 1.07K imbalance zone pulling price lower. Web Research Findings: - Technical Analysis: Overbought signals everywhere, resistance holding, bearish divergences multiplying - Recent News/Earnings: Premier Investments -17% profit, weak retail sector dragging sentiment - Analyst Sentiment: "Bulls exhausted at resistance," "hesitancy to push forward" - professionals turning cautious - Data Releases & Economic Calendar: RBA tomorrow unlikely to cut with inflation concerns - hawkish hold crushes bulls - Interest Rate Impact: Market overpricing cuts, reality check incoming as RBA stays restrictive longer Layman's Summary: Every single indicator screams "GET OUT!" The chart pattern shows a failed breakout (bearish), momentum indicators show exhaustion (bearish), the footprint reveals big players selling to small players (bearish), and tomorrow's central bank won't help bulls. When everything aligns bearish at resistance, that's when bears feast on trapped bulls. Machine Derived Information: - Images 1-7 (Wedge/Patterns): Falling wedge with points 1-2-3-4 showing lower high - Significance: Failed breakout, bearish structure - AGREES ✔ - Volume Profile: POC rejection at 8,867, gaps below - Significance: Distribution zone confirmed - AGREES ✔ - Footprint Chart: 1.86K delta absorbed without price advance - Significance: Textbook institutional distribution - AGREES ✔ - Harmonic Patterns: Double top + descending triangle converging - Significance: Multiple bearish patterns aligned - AGREES ✔ - All Indicators: RSI/MFI/CVD/OBV showing bearish divergence - Significance: Unanimous bearish signals - AGREES ✔ Actionable Machine Summary: Integration of ALL data confirms perfect storm short setup. Original wedge analysis showing lower high (point 2→4) now validated by footprint absorption (1.86K delta trapped). Hidden bearish divergence across RSI/MFI/CVD confirmed by delta divergence in footprint. Multiple resistance factors (Fib/VWAP/POC/trendline) validated by failed auction at highs. Harmonic patterns provide clear targets at 8,707 and 8,530. Conclusion: Trade Prediction: SUCCESS Confidence: Very High The convergence of failed wedge breakout + hidden divergence + footprint absorption + harmonic patterns + multiple resistance rejection creates the highest probability short setup possible. Every analytical method points to the same conclusion - distribution is complete, bulls are trapped, bears control the market. Minimum target 8,720, likely 8,530.