Trade closed: stop reached:
At the top level I placed my short entry I could see 4 previous touches which to me validated the level/line I placed. The market didn't agree. The lesson is to zoom out to the wider time frames and see if I missed something price was telling me. I may need to refine the stop loss placement, which is very close to the level I had indicated. The problem with using intermediate levels is that the wider market doesn't see or agree with what your seeing. Absolute key turning points are a better point for entries. You don't take as many trades but you take better quality trades.