That depends on the context. Intraday trading of the ES can be short or long and profitable both ways. DT, triple tops, cuadruple tops...ad naseum..wedge tops...wedge bottoms...channel tops..channel bottoms..BO's north and south ....all tradable in ES
Definitely a counter trend trade in an uptrending market. There may be some value here as your 10 would get us back to the 20 hour average on cash chart. There is no question that cash rules futures. For me I would be looking to buy the dip where your trade exhausts it's momentum.
Actually i find it to be the exact opposite...of course depending on the context for entry but these days it works trading both ways and many times faster shorting.
I would also suggest here that you may need a 3rd peak to get something going. 3rd peak could be lower than 2nd peak
Yup higher swing highs than lower swing lows. Drop might be quicker but a helluva lot shorter. Probabilities and dollars on your side. But some like to make it hard on themselves.