The volumes vary...but n such days you get an abnormally large number of small orders trade...
The tell-tale however is the instantaneous nature of the reactive entries into the depth...far too quick for manual entry.
There are however the odd manual orders placed when the intra-day patterns need a push in what ever direction that want to send it!
It appears they also turn the "system" off, or simply adjust the parameters from time to time which results in less activity.
Eample...someone just bough 18k shares @ $1.095...in the very same instant (a millisecond later) a small sell order hopped ont to the end of the queue at that level with a sell for 1240 shares.
This repeats over and over and over and gives the impression of a never ending stream of sellers...to which the market typically responds by sitting on their hands..."to see how low it goes"
The 18k buyer may even have been them...lol...buy 18K, sell 1.2k
Many variations of this "pattern"...all of which are designed to give a false impression for onlookers and ultimately, impact on the intra-day trading prices and volumes.
Not coacher!
Cheers!
Cheers!
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