Hey traders!

Today we see a big up, and an even bigger down.

Prices formed an uptrend right after the opening bell. That trend played out and we saw a huge downtrend following after that. The sharper downtrend gave us two interesting trade possibilities. Channels are progressing during the trading day so when the blue channel broke and prices retested the lows I found a greater downtrend.

There were some good short trades later especially if you found the shorter-term trends.

Hope you had a good trading day.