Summer Time - Basic Multi-TF Patterns

In slower summer time trading, I often find it helpful to look at a longer period intraday chart. It can cleanup some of the noise and reminds me to be more patient for a good setup. I found this setup today on a 30min chart (left chart). The daily chart (lower right) is extremely weak compared to the broad market and has a very interesting pattern on a longer term daily or weekly chart. After the weak OR, the intraday volume contraction was confirming the bear flag and is visible on the 30min and 15min (upper right) timeframes. Range contraction (NR7/NRIB) followed by a hanging man marked the end of the bear flag pattern.