one of the great gifts of the modern market is the inverse etf's... i see bearish setups much better than bullish....long ago('84?) tom demark wrote that markets move not because buyers or sellers step in but because one side capitulates.when i see vertical capitulation i make a note.... in the majority of the cases the capitulation is retraced to the breakout point... the odds rise if a chimney forms... the classic entry is first retrace... it is remarkable how similar this chart looks to my other chimney examples i have collected.i urge newer traders to memorize this chart as a template