Hi Mira.
There are two main points of entry on that chart. Out of the Supply Zone and out of the Upper Wick Zone.
I always consider DWZ above all else. I look for price to leave that zone. With the Supply Zone above, it's unlikely that I'll see a long move, so I am looking to play short all day.
I will consider the Weekly Open. If I am above and looking at shorts, then I will simply not look to hold anything for any length of time (which I never do anyway, so it's kind of moot).
Daily Open is of secondary interest.
OK, so now here's the shocker...you may want to be sitting down for this..
.I very rarely pay attention to other candle colour 
...
Well, that's not strictly true. I will know what the H4 is if I'm looking at the H1. However, running WZ means that I am constantly running contrary to the previous candle (I very rarely trade H / L breaks) and that takes precedence over everything else. Other candle colour is just a small part of what I scan as I decide whether to go in or not - and in fact, probably plays more of a part in how I
exit a trade, not enter. Going against an H4 colour would make for the likelihood of a shorter trade than one going with that colour.
What I am trying to say is, it doesn't
stop me from entering if all else I look at lines up for me.
I don't think I ever consider Weekly or Monthly colour. H4 for H1 is as far as it goes.
IS A LIE__________
interesting to note the higher volume on the bearish candle that lead into the bounce
Happy Friday everyone, enjoy the beautiful weather if you have any.