A note on tracking funds: $AIA plunged 3.44% in 15 minutes.
To assess the quality of the selling pressure, I usually watch two details first:
· Were there consecutive aggressive sell orders during the decline?
· Was there substantial buying support after it hit a low?
For reference: 24h trading volume was $7.12 million, up 2.21% over 24h. If both are present, it’s probably a shakeout; if only the first is, be careful—another leg down may follow.
To assess the quality of the selling pressure, I usually watch two details first:
· Were there consecutive aggressive sell orders during the decline?
· Was there substantial buying support after it hit a low?
For reference: 24h trading volume was $7.12 million, up 2.21% over 24h. If both are present, it’s probably a shakeout; if only the first is, be careful—another leg down may follow.