@Wave-Trader, I understand. In my youtube videos (you can simply type in Tim Stuyts and find me) I explain how structure works with help of my professional experience, you will see that the bullish reversal was called by me a few weeks ago, so I'm not disagreeing with you. I'm able to add market dynamic and inter market analysis to my approach to make my timing more accurate. Your weekly chart looks good but it is in its early stage and this is statistically not the highest probability move (pattern) yet. So therefore by looking at 240 you get more context of what to expect short/medium term. Have a good trading week!