You have made my point perfectly. Your trade was based on the logic: if the price goes up [above the resistance line] then it will go up some more. In this particular instance you were right, but I am sure there are similar examples where you lost on the trade.
Yeah....if you just go drawing lines on any old bunch of spikes or dips then go saying if X happens then do this, but if Y happens then do that, you will likely be wrong a hell of a lot. But this one was looking at the bigger picture using support trendline that dated as far back as Jan 2013 and a resistance that went back to January and I still admit that I was wrong in that I thought the market would go down a bit more, but never placed any bets until the confirmation of market intent was made. Sure, the market still could have double backed on me, but by correctly identifying these patterns and potential turning points, the trader is greatly increasing his chances of making a good trade.