[isatrader]

This looks like a massive build up in volume. However, this one has gone a long way already, ENQ.L:

A long way is an understatement. If you flip the chart and look at this like you would a Stage 2 stock, you'd think it was in the process of making a blow off top (see attached), as it's seriously extended (71%) from it's 10 week MA. Would you buy a Stage 2 stock at this point?

   

   

Heavy volume late in a parabolic down move like ENQ.L could be a sign of capitulation. Note the other energy stocks also in extreme Stage 4 declines that are also seeing heavy volume selling today. The energy short trade could be nearly over imo.