Bar by Bar Trading Day Analysis

Hey traders!

During the overnight session, we saw a sell-off of around 50 points. So the bias was clearly bearish. We saw a spike and channel structure at the opening with some interesting setups. Prices then continued the move lower and formed a measured leg equal to the overnight downtrend’s size. We saw a bigger range with smaller trends within that range afterward.

I took today’s trading day and made another bar-by-bar and also explained some interesting areas where traders are putting their stops and how we can use that for us.

Hope you like it and have a great weekend.