Just looking at two choices based on one particular 4H candle and how the associated price action at this level is moving correctively. We have a large inside range of 9,000 points with market movement contracting, which I believe is the pause (price equilibrium, base, side-ways movement, consolidation) before it springs (higher probability) into the desired action. It is a pretty simple picture at this level with what is happening. If you change over to HA (Heiken Ashi candles) you can see what is happening based purely on the trend/momentum. *Note – Each HA candle is formed by the two previous candles data AND each new candle opens up at the 50% level of the preceding candle’s associated price action.
*Note – Bottom grey extended box is a 4H , indecision to decision ( then IC candle). The top thrusting boundary area is a larger TF with market movement testing the boundary of that zone and the outer edge of that zone. This is a “zone within a zone” upper area.