TMV setting up a reversal LONG

On this 4H chart- TMV the leverage bear Treasuries ETF has been trending up

in a parallel channel. AT present it bounced from the top of the channel and is

heading down to the bottom of the channel. It is there that I will trade long

where the bottom of the channel is confluent with the mean VWAP providing

an overlap of dynamic support. Near that same level is the POC line of the

volume profile. Price needs to stay above the POC line for the probabilities to

tell me to trade long. Roughly I am looking for a trade from 145 to about 160 for

a 10% move more or less. The stop loss under the channel trend line for about 1.5

and so the ratio is about 6. Once in the area of the bottom of the channel. I will

look to the indicators and zoom into 15-30 minutes as a time frame to find the

entry. I will entertain taking a trade in a fair number of shares and potentially

buy a put option for insurance against the downside to hedge against losses.

I expect the trade to last a week or less and so averaging about 2% gain daily.