Retracement Trade - X

Commodities were weak today. X gapped down and soon took out the PDL.  The third bar was a hammer and started the retracement to the downsloping 5 EMA. Price failed to close above 5EMA and PDL, both acting as resistance. 6th bar was NR5 and closed very weak. Entered short on the break of sixth bar low with $39 as target which was next support level from a couple of days before.  X was up third days in a row, commodities were weak today, X gapped down, PDL was not taken out on a closing basis after price took it out, EMA's were bearishly orientated and sloping : all indicators were bearish. X reached the target slowly. Exited my entire position a little above $39.