There is a second Dot only it is a higher timeframe and a more significant Dot. Trade the 2nd Dots so Dot 2, 4, 6......
The Trend is down, although there is the Orange ZZ and Large Semafor below the Trend is still down. My take on it is to ignore that large Semafore until it is confirmed by a higher Dot or what we call a "Second Dot" with a change in colour of the candles to the upside.