I would plead for the second option because the peak showed not a single sign of reversal signal... It sure tried to chase the bulls stops by 'wrong footing' them.. but I'm not really sure about the real conviction here..
I still have no viable signal for now.. but it Sinewave somehow confirms me the end of the bear trend in the near future... I'll sure give it a nice call ;)
Hope this idea will inspire some of you ! I'm pretty new to TradingView so I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators