- The price is trading below the middle Bollinger Band (20-day SMA), which is sloping downward.
- Lower highs and lower lows pattern confirms the bearish market structure.
- Price hugging the lower band or staying in the lower half of the band zone — a classic sign of weakness.
- Price repeatedly fails to close above the middle band (~20-day SMA), confirming it as dynamic resistance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.