$AIA The 1-hour chart details the latest phase of the decline. The price has been in a consistent downward channel, marked by lower highs and lower lows, since the recent $2.00 high. The sellers successfully pushed the price below the $1.40 support and are now forcing it into a tight consolidation/basing pattern around the $1.25 - $1.30 area. The lack of any significant relief bounce confirms the overwhelming seller control and the strong probability of a continuation breakdown.
The 15-minute chart highlights the current tight, sideways movement. After the latest drop, the price has stabilized in a very narrow, low-volume range between $1.2400 and $1.2800. This pattern, a tight base following a sharp decline, is a classic bear flag continuation pattern. The immediate resistance is being capped at $1.3000, and the floor is holding near $1.2400.
The 5-minute chart confirms the sideways coiling right near the multi-timeframe floor. The price is chopping in an extremely tight range, showing low volatility except for a recent minor spike in buying volume that pushed the price briefly above $1.3000 (around 16:30), which was immediately faded. The price quickly returned to the consolidation zone, confirming the short-term resistance is holding firm. The underlying trend remains bearish.
The current technical picture is Strongly Bearish, favoring a SHORT continuation trade as the asset presses against multi-timeframe support.
Entry: 1.22000 – 1.25000
(Enter on a confirmed 1-hour candle close below the $1.24000 support)
Take Profit 1: 1.15000
Take Profit 2: 1.08000
Take Profit 3: 1.00000
Stoploss: 1.32000
