VOLUME, bottom panels, daily, see pink circles:
Slide your eyeballs over to the late September bottom. On Sept 20 it took about 160million shares to signal exhaustion. Note the candle on that day closed with a big lower wick (indicating an intraday rally).
Then then a bounce intervened for 5 days before another drop tested the bottom and made a new low ... the volume was red but weakening … creating a positive divergence.
This year (back to January, not seen on this chart), exhaustion volume and interim bottoms have always printed red volume above at least 125million shares … and we’re not there yet
Friday’s volume was 112.6million shares and the lower wick was teeny tiny … we’re not there yet...
Caveat: this is Recency Bias