Alphabet bearish engulfing on record volume: Live levels

Alphabet (GOOG/GOOGL) fell sharply after a 5-hour bearish engulfing/marubozu candle appeared on record volume, signaling a potential loss of momentum after an 18% rally. The stock dropped 4.25% to about $361.59, with traders now focused on whether support near $361.84 and especially $348.50 can hold. The article frames the move as a possible turning point: if buyers reclaim $362, the uptrend may resume, but a break below $348.50 could open the door to a deeper pullback. Key technical levels, Fibonacci retracements, and volume confirmation dominate the outlook, making the near-term setup highly volatile and undecided.