Until price holds above the purple line the picture stays the same! We have a trinagle and 5 wave breakout from the triangle to the down and that can be easy the and of the downtrend and slowly the beginning of the uptrend!
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.