Hey traders!

Prices trended lower today during the overnight price action. Once markets opened we saw a break of the pink downtrend and a retest of the low. Prices were forming a flatter downtrend after that. Today it was not clear for a long time if prices want to go lower or stay within the bigger yellow range. We saw some strong support coming in around the 4123 level. Prices then formed a bigger green uptrend and have issues breaking above the opening price level.

Hope you had a good trading day.