Hey traders!

Prices were rallying up during the night. After the opening, we saw some downtrend working lower. That trend broke and prices retested the lows with a couple of legs. After the downtrend played out prices spiked up and formed a spike and channel structure. Then the yellow range followed for the remaining day. The failed break higher caused a huge sell-off and prices went lower shortly before the close.

Hope you had a good trading day.