Hey traders!

Today we had a huge range day. First, some smaller downtrends and prices found support at the 4172 level. After a quick retracement, we came closer to the overnight highs but couldn’t test them. The grey downtrend broke and prices retested the lows but couldn’t drop lower than the midline of the big range. When prices do not succeed twice they will succeed in doing the opposite. So we saw prices testing the overnight highs and breaking through them. Usually after a breakout, we see a retest of the breakout area.

There were some great trade opportunities today. Hope you had a good trading day.