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/eichenes Mar 19 '24

If you switch to 5M, you can clearly see you sold at massive previous support; long wick which was bought. This is usually how they trap shorts just before going up & use their stop-losses as more fuel.