maybe downtrend is ending. I have my ideas about it:
1. The price went up from yellow rectangle several times. It means that there is a high probability that we have trend reversal and we might get uptrend.
2. lets say price goes up to pink triangle and hold for a long time . Trend reversal probability will be even higher And we might get uptrend.
3. If the price goes down from yellow rectangle then the trend probably will continue.
1. The price went up from yellow rectangle several times. It means that there is a high probability that we have trend reversal and we might get uptrend.
2. lets say price goes up to pink triangle and hold for a long time . Trend reversal probability will be even higher And we might get uptrend.
3. If the price goes down from yellow rectangle then the trend probably will continue.