Support drawn = pink line.
Price is breaking below support, volume retraces on the way back up and forms an upthrust. I shorted (bar in yellow rectangle)! The volume seemed okay and the bar closed off the highs, suggesting supply is coming into the market.

This is kind of my problem, despite how much time I spend analyzing the market in real time I'm often confronted with something that happens that's not "according to plan".

Sorry for the crappy chart,...

zeon

I will be posting charts and trade explanations here, in search for a better understanding of the market.

My trading performance fails to be consistent, some weeks I make a profit but then give it all back in a couple of days because of a big losing streak.

I'm hoping I can learn from those who are more experienced and knowledgeable than me.

zeon