CL Redux

With the long tail on the daily chart just 1 hour ago, it looked poised to go higher in the days to come. But I ain't so sure now.

We also broke and closed below 5/7 low!
 
shizo, can you tell me what was your reasoning behind going long ? With all your respect sir, Im just curious because I am sure you are much more experienced than me, I would like to see what you saw that made you go long ? Meanwhile the whole time I was shorting the shit out of CL since of the downward momentum plus the key reversal shooting star we had formed at the peak, I wasnt getting any confirmations of reversal back up.
 
Quote from neveral0ne:

shizo, can you tell me what was your reasoning behind going long ? With all your respect sir, Im just curious because I am sure you are much more experienced than me, I would like to see what you saw that made you go long ? Meanwhile the whole time I was shorting the shit out of CL since of the downward momentum plus the key reversal shooting star we had formed at the peak, I wasnt getting any confirmations of reversal back up.
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Don't expect to hear any excuse from me. I was flat out wrong on my assumption.

Here's what I was monitoring at the time.
 

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