Quote from Failure2Travers:
What woudl have told me that this up channel was only a leaf in an overall down channel forest level view? I saw the gaussians as a bullish uptrend and increasing black volume on the BO made me get long. What should I have seen that would have told me that I was just fanning out the big picture down channel? Attached is my chart and commentary. Thanks.
It might help to draw a steeper channel using the PT3 at the 11:25 bar as a PT1. This tape would highlight the FTT that appeared in the up channel.