High-Trend's 15min chart indicates bearish momentum with Bollinger Bands expanding downward.

High-Trend's 15-minute chart has recently triggered a bearish pattern, characterized by a downward-expanding Bollinger Bands and a Bearish Marubozu candlestick at 09:15 on September 8, 2025. This indicates that the market trend is currently being driven by selling pressure, suggesting that sellers are in control of the market and that a continuation of bearish momentum is likely.

High-Trend's 15-minute chart has recently triggered a bearish pattern, characterized by a downward-expanding Bollinger Bands and a Bearish Marubozu candlestick at 09:15 on September 8, 2025. This indicates that the market trend is currently being driven by selling pressure, suggesting that sellers are in control of the market and that a continuation of bearish momentum is likely.

The Bollinger Bands, which are used to measure volatility, have expanded downward, signaling a pronounced volatility squeeze. This pattern often precedes directional breakouts, but in this case, the downward expansion suggests a potential bearish trend. The Bearish Marubozu candlestick pattern, which features a large body with minimal wicks, indicates strong selling conviction, further supporting the bearish trend.

Technical indicators such as the Moving Average Theory also align with this bearish sentiment. The 50-day moving average (currently near 285) has crossed bearishly below the 100-day moving average (near 275), confirming a negative medium-term trend. The price remains firmly below both averages, indicating sustained bearish control. Shorter-term pullbacks have respected the 50-day moving average as dynamic support, while the distance between the price and the 200-day moving average (approximately 245) highlights the strength of the longer-term downtrend.

The MACD (12,26,9) and KDJ oscillators also show weakening momentum. The MACD histogram has contracted negatively since August 28, with both lines maintaining below zero. The KDJ oscillator's %K and %D lines reside in overbought territory below 80, while the J-line nears extreme levels. This indicates potential short-term exhaustion, but the absence of bullish divergence supports the continuation of the downtrend.

The 14-day RSI now registers approximately 34, entering oversold territory (70) for the first time since June. While this warrants caution given historical reversals from similar levels in April, the absence of bullish divergence and the trend’s strength warrant contextual interpretation. Prior instances show RSI can remain elevated during powerful trends, though consolidation often follows within 3-5 sessions. Risk-reward asymmetry increases at these levels.

Applying Fibonacci retracement to the dominant trend from the April 3 high (174.74) to the June 12 low (276.53) shows the current price exceeding the 127.2% extension level (307). Key retracement supports include 294.92 (38.2% of the latest swing high from July 14 to the low on September 8) and 288.69 (50%), aligning with the psychological 290-300 support zone. Confluence exists near 300 where the 38.2% Fibonacci level, 20-day moving average, and prior resistance (August 18 high) converge.

In conclusion, the confluence of technical indicators, including bearish candlestick patterns, moving averages, MACD, KDJ, Bollinger Bands, and volume data, suggests a strong bearish trend for High-Trend. Despite the RSI entering oversold territory, the absence of bullish divergence and the trend's strength support the continuation of the downtrend. Investors should remain cautious but expect the bearish momentum to likely persist.

References
[1] https://www.ainvest.com/news/nova-15min-chart-shows-bollinger-bands-expanding-upward-bullish-marubozu-formation-2509/