accumulation toward potential daily bounce

according to this swing level strategy we are coming off an oversold level but arent yet bullishly diverged. this is one way a daily bounce could happen. i drew wave cycles that match up how trend level zones could complete the dynamic rane oscillator. i would be long if we reach an oversold divergence in the support zone or if a reversal happens on a low 15 minute in the current price area. i would trade breakouts of a higher low multitimeframe long up to the daily, and i would also trade a bearish continuation pattern short on the weekly.

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heres an hourly pattern that a completed bear flag could make based on previous levels and new levels