Price is most certainly signifying an uptrend at this moment. I am expecting a pullback either to the 38.2 or 61.8 retracement (confirmed by lower time frames such as 2H and 4H), and then upon clear confirmation, anticipating a rally towards the 127.2 extension or the next key level. Price has to break the blue line to signify a retracement in general, otherwise we will get stuck in a moving market.