Mercedes-Benz: downside pressure holds, double bottom to watch

Week 22 of the sell signal on Mercedes-Benz, and the weekly close came in at −4.3% with sellers at 94%: the downside move keeps delivering, with the trade up 25.67% since inception. A double bottom has formed in the 44 area on the daily chart — a strong pattern — signalling a potential support zone worth monitoring in the sessions ahead, even as the directional picture remains firmly bearish.