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CAPITULATION TURN

A heavy selloff exhausts itself and the tape turns while volume is still elevated.

Formula

MEASURED

Runs below prior close, forms a confirmed swing low, then closes back above that low.

Prior close; swing low; reclaim close; VWAP/EMA position; 5-day same-time demand.

The detector rule and what is measured beside it. Track's digest quotes the same row for every seat that carries this setup. All formulas on Track

Definition

A heavy selloff runs out of sellers and the tape turns while volume is still high. The turn happens on volume, not after it dries up.

Not this

A quiet bounce on thin volume after a selloff is not a capitulation turn.

Evidence checklist

What must be visible on the record before this shape is named. Find each item on an example below.

  • A heavy selloff in the window.
  • A turn while volume is still elevated, readable in the window-volume fact.
  • The turn before 09:40.
  • First sighting minute on the record.

Known on this record

  • The shape name and the first minute the scanner saw it.
  • The level out at 09:40 and the send ledger's time.
  • The gap into the turn, measured at the 09:40 mark.
  • The turn-window facts: entry vs range, window volume vs prior sessions, minutes from the window low.
  • The tape verdict for the session.
  • Catalyst classes, on sessions where the record carries them.
  • Close, capture, day move, peak and the grade, all measured after the alert.

Not on this record

  • EMA lines of any period.
  • Volume beyond the turn window.
  • An intraday chart or the bars behind one.
  • The prior session's move.
  • A catalyst's publication time.
  • The price path between 09:40 and the close, beyond the peak minute.

A question to hold

Read the window volume against prior sessions. Was volume still elevated when the seat was taken?

Seats from the record

Seats the scanner gave this shape, newest first. Each opens on Track with its full lesson.

4 shown · 4 on record

SessionSymTapeCatalystWindow volLaneCaptureResultProv
2026-09-10AEORED···-2.0%NO-CAPTURENo captureAlerted before 09:40; closed at or below the alert level.A call that kept nothing is still a call, and it stays on the record.Full legendLIVELiveThe level went out at the minute shown.Published before the day happened. The only kind of row the headline counts.Full legend
2026-08-20AAOINEUTRAL···4.5%HITHitClosed above the alert price.The grade is decided on the close, never on the peak.Full legendLIVELiveThe level went out at the minute shown.Published before the day happened. The only kind of row the headline counts.Full legend
2026-08-18WOLFRED···-5.0%NO-CAPTURENo captureAlerted before 09:40; closed at or below the alert level.A call that kept nothing is still a call, and it stays on the record.Full legendLIVELiveThe level went out at the minute shown.Published before the day happened. The only kind of row the headline counts.Full legend
2026-08-11AXTI····0.4%HITHitClosed above the alert price.The grade is decided on the close, never on the peak.Full legendLIVELiveThe level went out at the minute shown.Published before the day happened. The only kind of row the headline counts.Full legend

4 seats · 2026-08-11 to 2026-09-10 · alerted seats only · outcome: close against the alert price · misses and refused names not counted.

Counts only. A shape publishes no rate until its own record matures. the ladder rule

Study cues

Not available: no producer publishes per-condition observations with a timestamp and a source yet.

When one exists, a cue reads like this:

CAPITULATION TURN study candidate: 3 of 5 documented conditions present.

Every condition shows its timestamp, its source, and an unknown state when missing. A cue describes; it never directs.

Reading this page comes first. A cue can only be followed from its definition, and can be paused or deleted.