- Price has moved below the cloud ( )
- Cloud turns from green to red ( )
- Price has moved below base line ( )
- Conversion line has moved below base line ( ). Conversion line has very recently moved to meet the base line but has yet to re-cross, so still .
OBV, Accum/Dist and all confirm a short term.
Currently if support holds, we are likely to see price returning to test the cloud, but continued pressure is likely to the next support at 4300. pressure is likely to continue for several days. Watch for a break above the 4500 level towards 4600 to confirm a new trend.