Your daily down trend line is draw incorrectly i.e your perspective may get distorted. May i suggest look at weekly and draw a outer and inner trend line then go to daily chart. Just my thoughts, hopefully may help.
deLazyLizard
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?? That's an upward trend line...
SRPMT
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not counter trend line the one running down
SRPMT
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You will notice price as already broken down trend line and present re-testing if you connect the 1st point where you have started to 2nd point (wick) by your stop is.
deLazyLizard
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That is the fibonnacci line, not a down trend line.
WaveExpert
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Good Luck
mlbo
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sh$$T happens. lets look forward to the next one. or a better entry