Probably a sell below 47, consecutive bear bars below ema but it never got triggered and bulls took over. Monthly context I felt favoured the bulls to...

Also a thing to consider is in the first illustration limit order bears are not making much or any money at all selling prior highs so stop order bear...

Leg 1 is a 8 bar micro channel expect first reversal attempt to reverse to fail.

May well be a bull leg in a larger TR if you consider all bars to the left. Second entry shorts always higher probability at top of potential range.

Purchased the encyclopedia yesterday as was my 60th day with BPA/BTC so this is perfect timing. Thank you !!