Now, a down signal was generated ( last green diamond)... however, probabilities of a trend reversal are still not in line with this signal since our probability calculator is still showing odds of the uptrend continuation between 73% and 80% but the past few days the odds of an uptrend continuation are slowly weakening...
So if in the coming days price is breaking the nearest support (red line) and our probability calculator is dropping below 50%, then a new downtrend will effectively be in effect.
So if in the coming days price is breaking the nearest support (red line) and our probability calculator is dropping below 50%, then a new downtrend will effectively be in effect.