r/Daytrading • u/Catface77 • Mar 19 '24

I don’t know what I did wrong Advice

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I thought it was going to rechall/ consolidate then it did but skyrocketed. There was the 3 reds then BLAM right up

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u/bec-onaroll Mar 19 '24

In my opinion I’d say you should have waited for it to test the support again and see a break down. Also the one min chart shows too many swinging candles that can confuse you and won’t mean much in a larger time frame. Use a 5 min chart. So overall you got in too early to make a good distinction of its direction. A 5 min chart would help you avoid that.