WMT 99 CALL Exp March 7 (Loss)

Initially I was under the impression that price was going to continue back upward due to higher timeframe candles, but later realized the heavy rejection on the 50% fibonacci level at a daily key level. Price gave me a very strong and big wick on the 4HR candlestick showing that buyers lost the battle to the sellers.

So I went to the daily timeframe to see the overall trend direction to find out it was starting to go downward, along with fundamental analysis about WMT dipping soon.