I base it on 2 things.. the strength of the MA slope between candle x and candle y and the shape of the graph.. so this morning you could see a smallish downtrend that was flattening out towards the last few candles..
that I interpret as the 'force' behind the selling is getting weaker (or you could say it was consolidating ready for a big break, to each their own)
Anyway, my overall view was yeah generally downwards but doesnt seem like many people are that interested...
Indeed. The MA's been red for the last 30 hours. May well take a break soon.