The uptrend we mentioned last week, the series of higher lows from Aug. 27 is still intact but running out of steam (and room on the chart):
...So, how to recognize the next turning point?So, a break in trend on the one-hour to signal a possible reversal on the daily:
The5-minute1-hour chart shows a 4-day series of higher lows that define the short-term trend:
and which trendline will have to be broken before any decisive action shows up on the daily chart....
