Yellow circle: Note the 5m MACD is gradually increasing to open, but stays below 0 and gets rejected at 34. This suggests a 5m up wave should come, though we don’t get it for a few hours. 1m makes a good bearish harami 7J but this is broken at the top by a second burst. We could trust it but it takes about 20 points of drawdown.
Orange circle: 1m bearish harami 7J off the 34 and 5m off the 7, after 1m came down from the up wave. Standard setup, take profit at new low due to 5m on 7.
Purple circle: We miss a 1m wave/5m 21 shortly after because the 1m candles are not sufficient. But on the recovery, we get a good 1m wave/5m 34 while the 5m is still mostly unstacked. A later 1m entry comes as the 5m gets stacked, and this forecasts the burst of the FOMC coming up.
Blue circle: FOMC is volatile but stays steady overall, and runs up. 1m comes back to the 34 with a sharp bullish engulfing off the 34, and a not-so-easy but still good hold for over 100 points.
