I put a small amount of money into SDL on the ASX looking for a breakout. I thought I saw a pennant formation and got in waiting for a breakout, hopefully on the upside. Unfortunately it went down , but what I want to know is if what I did was valid, and I just got unlucky, or did I misread this completely.

Any TA help appreciated. If I did misread this I don't want to make the same mistake again. :o

Cheers in advance.