GOOG Charts, Interesting

There's one area that's pretty interesting, whether part of a counter trend bounce or something else, I'm not sure, but I'm sure you'll find it interesting too.

 This is always a sign of trouble when volume falls in to an advance.

 Daily chart shows a leading negative divergence at the top, but there was trouble long before that.

 The 4 hour chart shows distribution in the same area as the daily.

 The 2 hour chart shows the same distribution, but this is the first of many charts that shows an area in the decline that has had some very strong divergences through, I pulled the white box over price at the positive divergence to highlight the area as you'll see it over and over again.

 On a 60 min chart there's a positive in the same area.

 The 30 min chart is positive in the exact same area.

 The 15 min chart has a very active positive divergence in the exact same area.

 Here it is on a 10-min chart.

 The 5 min chart isn't quite long enough to catch all of it, but a very strong leading positive divergence.

 3 min shows several smaller divergences and what looks to be a possible head fake/stop out area in yellow today.

 The 2 min chart  with a strong leading positive and the same area today that looks like a stop run.

 And the same on an intraday 1 min chart.

The Trend Channel has held a couple of decent trends in GOOG, but notice the 6 day ATR, it should rise as it does at the green arrow in to a rising trend, at the orange box we have price pretty significantly outside the channel (Channel Buster) with reversal candlestick setups, then the trend break shortly after, it's usually the same thing before a reversal, volatility increases to the upside and longs get excited, but that's usually a good sign things are about to change. On the second trend up, the ATR drops as the trend is rising, this isn't a good sign and GOOG stops out just after.

In after hours it looks like GOOG beat on earnings and just missed on revenue ($11.58 EPS vs consensus of $10.70 on revenue of $14 billion  vs. consensus of $14.3 billion). What really matters is guidance which should come at the conference call starting right now (5 p.m.).