I think I know now what I did. I was analyzing the 30m gold chart not the 4h.

I have posted my comment when price was somewhere in the red cycle on the attached screenshot. Also, where now a M(5) crown head is was a G(4) head before when I wrote my post.

Here is what I wrote:

Does this mean that because we have a global M(5) low on the H4 but no gold low, price should go higher to "repaint" the recent G(4) high to a M(5) high?

replace H4 with M30.

I thought price has to go higher in order to let the semafor print a new M(5) high to match the M(5) low. Remember, the exact same high at this time showed only a G(4) high crown. What I find strange is that price went lower and changed the g(4) high to a m(5) high. I hope you know what I mean.