Gaussian channel turned red on 5 day chart

Some consider gaussian channel on 5 day to be an indicator of if we are in a bull run or not. If above gaussian channel on 5 day, we are in a bull run. If in the channel or bellow we are in a bear market. Well it is scary to see the gaussian channel turned red. It might be a bear trap or we are in a dead cat bounce and we do not make it to all-time-high.