12C Slide 8 - PullBack in Bull Trend or Bear Trend

To be a PB in a bull trend the MKT needs to hold above major lows so to be still in a bull trend Al has to consider the low of the BO to be a minor low, not a major one. Yet, at least in the slide's text he wrote bull leg, not bull trend, which is different. And this is right, going below the BO low and reversing is TR PA, so the move up is more likely to be part of a bull leg in a developing TR. But, as I said above, if there was a major low still below the PB bottom, then this hipotetic bull trend would be intact and bulls could buy for a swing up, but this seems not to be the case or Al would have somehow show it.

I think it depends on the context, we don't know what bars to left look like. We could be

• In a strong Bull BO earlier and this could be a 2 legged pullback or ABC pullback.
• Or we could be in a TR and this could be a 2nd leg up reversing from the bottom of a TR and comparing the strength of Bull BO (2 big bars) with the bear leg down which comprises of Big tails and weak FT, we can think of the bear leg as a PB wrt Bull BO.

At least that's what I can make out of it.

Thanks omkar, ludopuig for prompt replies.  I am assuming there is perhaps still a major low (may be not in chart ) and the bear leg did not fall below that low , so it could be considered a pullback. 

I also think it's important to compare the Bull Leg/BO to the Bear Leg. The bear Leg is very weak, with a lot of overlap, many prominent tales at bottom of bars, many doji's, no consecutive big bear bars, ... Whereas the Bull Leg showed a lot of Buying pressure.

I think that would be the main argument why Al would still consider this Bear Leg a PB.