Clear Downward TrendAPE demonstrates a clear downward trend on the weekly timeframe, marked by lower lows and highs. A recent brief rise reversed after encountering significant resistance. On the daily timeframe, the downtrend persists, and the price has reached a critical support in the blue zone. A fall below this level may signify further decline, while a rise above the orange zone (the last downtrend peak) could indicate a potential trend reversal.2/3/20241 min read