Hey traders!

After the opening bell, I was sure that we would see a down day today. The blue downtrend was broken but never retested. This is a strong bullish sign. Usually, you get a retest of a channel in 9.9 out of 10 times. Today it was different or I drew the channel wrong. We had a spike and channel trending higher. There were a couple of great long trade opportunities if you waited for prices to come back to the KEP/EMA. We continue higher in the bigger grey uptrend but it is losing steam as the upper line is not tested anymore. So there is a high chance that we see a break and retest of the extremes with some range movement afterwards.

Hope you had a good trading day.