Hours of sideways consolidation are often broken by a high-volume decline, pushing prices outside their established range.
Spot $TIA fell below the lower bound of the consolidation range, which had held at $0.3981 for the previous four hours, and closed at $0.3957.
Spot trading volume during the period rose to nearly $190,000, more than four times the earlier average.
Aggressive buys accounted for just 31.9% of intraday trading, with aggressive selling clearly dominant. After leaving its previous range, the price is seeking a new equilibrium at a lower level.
Spot $TIA fell below the lower bound of the consolidation range, which had held at $0.3981 for the previous four hours, and closed at $0.3957.
Spot trading volume during the period rose to nearly $190,000, more than four times the earlier average.
Aggressive buys accounted for just 31.9% of intraday trading, with aggressive selling clearly dominant. After leaving its previous range, the price is seeking a new equilibrium at a lower level.