GOOGL had just three things going on overnight; here they are, laid out by price:

· 296.81 — the high of the 22:00 candle, 936k shares, 4.1x average volume
· 295.61 — the high of the 23:00 follow-through, volume down to just 556k shares
· 288.50 — the 05:00 low; even the sellers ran out of volume
The jargon is volume-price divergence: the first candle used up all its firepower, and the second had no bullets left
$GOOGL Now at 291.22, with MA20 pinned at 291.33
Just 11 cents apart, practically touching
I’m not chasing. To turn bullish, I’d need it to get above 291.33 first and bring in volume
If it can’t get above that, defend 288.50; below that level, there are no signs of buyers stepping in
The 14:00 candle had only 6,238 shares, 2.7% of average volume—just a matched-trade price
The U.S. stock market doesn’t open until 22:30 today; this chart is pieced together from limit orders
Funding rate is 0; longs and shorts can’t be bothered to pay, and neither side is in a hurry
(Not investment advice; trade at your own risk)