Howdy,
I would normally like to see a little more background to assess where in the cycle this particular formation resides, however my read of the information supplied,
The largest volume spike shows high demand met with supply which succeeded in pushing price below the initial upthrust.
A second drive higher through a sustained push (elevated vol levels)shows another occurrence of supply being the greater force and weakening the ability of bulls to drive higher.
From that point onwards (second highest blue volume ) volume spikes resulted in decline in price a sign that demand is weakening.
Next feature is the red volume spike where supply forced price back down to the horizontal support line, so supply now exists in numbers down to the support, a continuing weakening of demand.
Declining volume in the several bounce attempts shows demand almost exhausted, culminating in several extreme low volume days where demand appears almost non existent.
Supply returns having been unable to fill at the higher levels and price breaks down through support.
The second chart with the added bounce shows the attempted rally but given the backdrop of continued supply at lower and lower levels prior, my guess is trend continuation due to volume not supporting price, with a stop above the last no demand bar.
PS, unable to supply a visual overlay to mark tech's chart, apologies.