Yellow circle: 1m bearish double top 7J comes on a shallow 1m wave, and this coincides with the 5m 34 touch, giving us an immediate new low. We’d think the market would just run, but instead it stalls on the 5m a bit, pulling back up to the 34 and making a new low and pulling back up again. Not clear how we can anticipate the choppiness, but holding the initial run is fine.
Orange circle: A second 1m wave goes up further, invalidating the shallow wave’s height, a bit expectedly because of how shallow it was. This bearish gravestone doji 7J on 1m is much better, and gets us in on the 5m 34. Note there’s a bearish harami 7J just before it, but a 1m 21 reversal breaks this. So this juke is a bit tough, costing about 10 points past the stop to maintain.
Purple circle: 1m comes off the 34 after a wave later in the day, as it looks like the 5m is going to go for a wave too, and doesn’t. 1m makes a bearish hanging man 7J, and we run back down after a short pop up on the 5m.
Blue circle: 1m makes another wave around 11:00, and a bearish harami 7J toward the end of it when it’s already divergent and crossed down. However, this comes off the 5m 7, and is not standard, despite it working for about 60 points. Optional.
