Chinese tech stocks in the process of capitulation

It has been a rough year here for Chinese stocks but after this recent weeks acceleration lower it feels like we're entering at least some type of short-term capitulation washout.

• Volume acceleration
  
• Extension outside multiple time frame Bollinger Bands
  
• Speed of sell off
  

Definitely a fierce counter-trend trade for more experienced traders that can manage risk and position size appropriately but I'd pay attention to it in this 42 to 46 zone for a reaction.