After monday’s gap down which ended up as a bullish day close, I was convinced that price would be heading up after a major 1234 up had been completed.
I was convinced to long.
However the nature of this type of close was awkward, and it actually closed right at the top of line chart resistance.
On hindsight, it would have been good to avoid this trade, but who knows? Anyway the h1/h4 did not really show any signs of turning, so that was the 2nd clue that it was resisted.
I took a loss and it set week27 back.