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First Western Financial's 15min chart shows Bollinger Bands narrowing, bearish Marubozu.
ByAinvest
Friday, Aug 15, 2025 12:19 pm ET1min read
Based on the 15-minute chart of First Western Financial, the Bollinger Bands have recently narrowed, accompanied by a bearish Marubozu formation on August 15, 2025, at 12:15. This indicates a decrease in the magnitude of stock price fluctuations, suggesting that sellers are in control of the market. Furthermore, this bearish momentum is likely to persist.
Based on the 15-minute chart of First Western Financial (NASDAQ: MYFW), several key technical indicators have been triggered, pointing to a potential continuation of the downward trend in the stock price. On August 15, 2025, at 12:15, the Bollinger Bands narrowed significantly, indicating a decrease in the magnitude of stock price fluctuations. This narrowing suggests that the market is becoming less volatile and that the current trend is likely to continue in the same direction [1].Additionally, a Bearish Marubozu pattern emerged at the same time, indicating that sellers are currently in control of the market. This pattern, characterized by a single long bearish candle with no shadows, suggests strong selling pressure and a potential trend reversal. The presence of this pattern, along with the narrowing Bollinger Bands, indicates that the bearish momentum is likely to persist [2].
Furthermore, the MACD has formed a Death Cross, a signal that typically indicates a potential continuation of the downward trend. This pattern, where the MACD line crosses below the signal line, is often seen as a strong bearish signal. The combination of these technical indicators suggests that investors and financial professionals should closely monitor these developments and consider the potential implications for their investment strategies.
References:
[1] https://www.ainvest.com/news/western-financial-15min-chart-shows-macd-death-cross-bollinger-bands-narrowing-bearish-marubozu-2508/
[2] https://www.tradingview.com/news/tradingview:8f07e6b301ee9:0-first-western-financial-inc-sec-10-q-report/
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