Monday, November 14, 2022

Open

Day

Trades

  1. Yellow circle: 1m fake 34 rejection comes with bullish inverted hammer harami, and immediate run for about 80 points.
  2. Orange circle: After the run, 1m pulls back for a shallow down wave, along the 5m 34, and makes an immediate new high and falls again. This time 5m makes a wave B, with bullish harami 7J on both 1m and 5m. This is textbook.
  3. Blue circle: Another bullish harami on 1m, a hammer on the 34, takes it to immediate new high and then falls back to 5m 34.
  4. Purple circle: Bearish hammer 7J non-sig candle on 1m, but a perfect bearish hammer on the 5m at the same time, coming off the 5m freshly stacked EMAs. This runs for the high on the 1H from the previous day.
  5. Yellow box: 5m reverse fake 34 rejection, comes with a 1m double top pull-up after the market is already on its way down. This is not a sig-candle on 5m, but still a powerful fake 34 setup, and the market runs until EOD.

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