The 7-day mode you have drawn doesn't appear to be correct or anything to work from. Count from a low to find the "mode" or "most" bars at one price. Your mode doesn't touch 7 bars in that placement.
timwest
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Also - notice how every week after the big drop in September is "inside" that range. That is the sign of a market that is extremely "indecisive". Only this week have DIS shares moved above that range from early September.
timwest
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There are 9 weeks at the yellow mode you have drawn. As soon as there are more than 20 periods at one price, the next higher time frame (2-days/bar) is the time frame to use. Once a market has more than 20 bars at one price, that means that time frame is NOT in control, so ignore it.