Hey traders!

Prices trended higher during the pre-market and shortly after the opening bell but that reversed quickly. Prices broke the spike and channel structure without even retesting the highs. Thats usually a strong sign that momentum is shifting and prices head lower. During the trading day, I saw a few smaller shorter-term downtrends working lower but was not able to find a bigger structure so I stayed with the smaller ones.

Hope you had a good trading day.