On the right chart you will see the 15 minute candles around May30th to may 31st. Large head deviation only to return to trading range.
On the left chart, you will see 4h candles, where the I just mentioned looks much smaller.
Remember that big sell off yesterday? once again we returned to our trading range. Big ol' head, and we are currently trading up what could be the right shoulder.
So why does this matter? Check the I am about to link.
You will notice we are doing the exact same thing.
I have updated the daily to add a bullish support level, seeing as we may not return to the bottom of the previous trading range.