This is perplexing, market structure speaking, Dr. Pepper is in a downtrend. Price is sitting at the top of a channel. The monthly candle looks weak and the weekly is all that promising. The question here is whether or not to take the long trade and pullback. Why? Well, two big down days in the market, and Dr. Pepper endured those with two green days.
I am not willing to take this long given that it is in the upper channel of a downward trend. I also provide a couple of other examples of trades that are/ were in a similar setup just at a better point in the over all trend.