BAE Systems: decline holds, but daily double bottom clouds the picture

BAE Systems is at week 13 of a sell signal, with the trade up 12.5% from entry. The week closed lower, but buy volume came in at 69% — indecision, not distribution. On the daily chart, a double bottom in the 1,700 area is taking shape with a 28% intermediate rebound: a structure worth monitoring closely. The confirmation week suggests exiting the short position.