Here is some great email Q&A with a YTC Newsletter reader Thomas…
Hope you are well!
Got one question for you. Looking at the below 3-minute chart when would you say we went from uptrend to downtrend? I often have a hard time reading the market after a large move in one direction which then slowly starts grinding in the opposite direction. At first I look for pullback opportunities because the trend has not technically changed, but at some point in time it becomes obvious the sentiment has changed.
Your thought much appreciated.
(CLICK ON THE CHART TO OPEN A LARGER COPY IN YOUR BROWSER)