setups:

the basics of a set up:

market drops... it falls... settles... but no, breaks support keeps going...    now oversold... but STILL dropping... 

Then:  we see a reversal candle... a first push... but it fails... drops back... but turns again -- this time making a higher low.  now we see a base.

Next day: yep, there's a rally and it too falls back  ... marking 3rd higher low where it bases.....  and NOW:  NOW -- on the next push we often see a sustained rally, if not multi-day to top of channel and maybe beyond as sentiment shifts.      <--- goal is to enter around this area and not participate in the consolidation phase.