Daily recap 13-03-2025

The first trend channel (small) created a new low, hitting potential support for the third time. The only drawback here is the significant distance between the first and second tests of that support. After another new low formed, we could have considered a trade, but the signal bar was too large to offer a good risk-reward ratio.

The second possible trade appeared after an unconfirmed trend channel developed, signaling that the market might transition into a new structure, such as a range or another confirmed channel. I didn't favor the first MDS due to the strong bearish bias, but the second MDS was excellent, clearly confirming support for the third time and featuring an ideal signal bar.