Drop to a one minute fractal to 'see' the changes within that five minute bar - increasing black to decreasing red to increasing red - all within the same bar. However you wish to annotate that sequence is how you should do it, as long as you can 'see' the changes as they develop. - Spydertrader
There appears to be a forest level channel (see picture) which is being respected too EDIT: Actually it is bar 3 for PT1 (sorry)
The area highlighted is where I thought about readjusting for a new big picture point 3. We did not have a break out on increasing red volume. I treated it as just a series of FBO's until volume showed another tree level channel. Either way, the big picture worked great!