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In the course, MTR's are the patterns that form the reversals. You mention 2 of them, DT or Wedges. They can be contained in channels, but just because a bull channel has 3 pushes up, doesn't mean a reversal is incoming.
For case 1, a Tight Bull Channel containing a wedge, you're right, you typically need more than just a wedge pattern. Whether that is indeed a DT or enough strong bear bars for the market to become AIS, more confirmation is needed.
Case 2; I usually only take the first reversal bar if I'm planning to scale in. Depends on context though, like how strong are the bear bars in this trend, and how defined is the pattern, and does it align with another pattern (nested wedge? Or DT on larger time frame?).
Your thinking is right, it depends on context. Don't look for a cookie cutter approach, and judge every pattern for itself.
Whether that is indeed a DT or enough strong bear bars for the market to become AIS, more confirmation is needed.
In this scenario where you have a tight bull channel and let's say you had enough strong bear bars to be AIS, would you jump in as a BTC short here or still wait for a push back up for a sort of DT pattern?
Usually the first reversal is minor, then in general is better wait a breakout pullback to high high or lower high with a good bear bar. Al use the term usually because 20% of time market going make a endless pullback and turn the reversal in major.
Thanks!
