I'll post my interpretation later. Give it another try, firstly ... Why do you use candlestick charts and not bar charts?
ok let me get you a better chart. ( other chart is broker and bars are one color only ) I will start with this ES daily chart that spans from 2006 to present day. next I will zoom in and post that
I had several suggestions and maybe they distracted the focus from the main point I wanted to make: L3=L2+L2+L2, ...
as I went to post this I noticed your post. I will put up this chart anyway it is the ES from March 2009 to present.
one last chart from July 13 to present day ES Daily chart. Left it lightly annotated if anyone wants to draw over it