Anytime the moving averages are above the current price, that of course indicates a downtrend. On the weekly and daily charts, it's a major trend. On the hourly and 15-minute charts, it's most likely a short-term trend. The microcosm (on the 15-minute and hourly charts) always leads the way when the major trend changes but, the hourly and 15-minute charts also indicate the short-term fluctuations within the major trend. So, you really need to know where you are in the major trend to know how to interpret the hourly and 15-minute charts. I home that helps.
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