Elastic's 15min chart shows Bollinger Bands expanding downward, bearish marubozu pattern.

Elastic's 15-minute chart has triggered an expanding downward trend in Bollinger Bands, accompanied by a bearish Marubozu at 11:45 on November 12, 2025. This indicates that the market is being driven by sellers, suggesting that they have control over the market, and that bearish momentum is likely to persist.