Chart

Hey traders!

Today we saw another range day. The yellow range was the dominant pattern during the whole trading day until now. Notice that prices could not reach the range lows for a long time and tried and also eventually succeeded in breaking out to the top side. Most breakouts fail in ranges so prices are now back inside the range and heading lower to test the midline of the range and then most probably the range support level.

Hope you had a good trading day.