Entered late in the trend and was stopped out.
Eventually it played out as a falling wedge and gone the other way.
Original idea that the price was in excess and might go down for another leg to the lower support of fair value (bear trend channel) or at least control price, which is dotted line.
It might still do that, the mistake might be too tight stop/loss.
Might be better idea to enter smaller position with wide stop loss and manage accordingly meaning scale in higher, for example scale in on a double top if price actions shows a reversal.
Eventually it played out as a falling wedge and gone the other way.
Original idea that the price was in excess and might go down for another leg to the lower support of fair value (bear trend channel) or at least control price, which is dotted line.
It might still do that, the mistake might be too tight stop/loss.
Might be better idea to enter smaller position with wide stop loss and manage accordingly meaning scale in higher, for example scale in on a double top if price actions shows a reversal.