Projecting the market into the future and you see how price staggered accordingly.
Notice slight frequency change in the purple lines with the light shaded channel.
Overall trend is up.
Wait for opportunity to LONG>
I see what you mean about the long term uptrend, but I'm thinking this downmove was so strong there's likely to be follow through after a corrective rally. On your last chart it looks like that may be starting, and found resistance at your blue ML; I think the follow-through might be strong enough to take out the support right below that. Maybe turning at your lower MLH if that's still in place...
So still a long opportunity, just ,not yet. (Unless you want to catch an upward correction looking at a <1h chart?)