Hey traders!
Prices were moving within the yellow range during the overnight price action.
The highs and lows were not broken and prices stayed within the range until the opening.
The Core PCE Price Index news, a measurement for inflation came out as expected so nothing crazy here either.
Prices then tested the overnight highs and formed the bigger pink uptrend. Unfortunately no good setups so we had to sit and wait.
The uptrend overshot and prices broke the channel just to make another attempt higher.
I made another bar-by-bar analysis and discussed several interesting spots on the charts and potential entries.
Have fun with the video and enjoy your weekend.