Heyyy traders!

Premarket prices dropped strongly. You can see how the blue downtrend is working lower price broke the channel and the lows were retested fast after that. From there we saw a smaller spike up and a flatter channel transforming from there. The bigger pink channel was not visible until a few hours back because it was not clear from where to draw the lows and highs. At the beginning of that uptrend phase prices stayed a bit inside the yellow range. All in all not too many setups for today.

Hope you had a good trading day.