Hey traders!

Today has been an interesting trading day. We sold off two measured legs at the opening, found some decent support and then trended higher within the green and grey uptrend. Prices overshot the channel and broke the same short after that. Now prices are retracing a bit and finding resistance at the EMA. A shorter-term downtrend (in blue) broke and prices retested the lows already. We can see some sideways movement or continue lower within a bigger downtrend structure.

Hope you had a good trading day.