Price-Volume Notes｜$GOOGLB
A 90-day low + 18.4× the average daily trading value technically qualifies as a “high-volume breakdown.”
The new low on elevated volume shows this isn’t a low-volume grind down this time—the selling pressure is real. A surge in volume can also occur during capitulation, but don’t assume a bottom before a stabilizing candlestick appears.
#GOOGLB
A 90-day low + 18.4× the average daily trading value technically qualifies as a “high-volume breakdown.”
The new low on elevated volume shows this isn’t a low-volume grind down this time—the selling pressure is real. A surge in volume can also occur during capitulation, but don’t assume a bottom before a stabilizing candlestick appears.
#GOOGLB
