Perfect setup, still fails

Sometimes, the charts don’t always work out in your favor.  This was a setup that should have been a lay up of a gem.  I love the trendline, it’s very clean, the lows were never tested.  So, when I see the setup in 2015-2016, I start to get excited.  It’s super clean – it hits the tops and bottoms of the channel just clearly – I mean there were a couple instances when it looked like it was going to breakout but didn’t.  Finally, the moment I was waiting for – a strong breakout.  I can’t remember the catalyst, news of some sort, but strong bullish candle – and immediately things start going sideways.

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