Yes it is mate BUT remember the GFC plunges were also very strong downtrends and look what happened with those flys. I posted the Jo and dow and sp 500 charts from then here I think. BHP RIO were also in very strong uptrends when they got smashed
Nothing is certain as you would know. This current set up is just highlighting that there could be a good chance of a sizable correction coming up. My stop is very tight and is the recent high so the risk reward is very very good