Open
The open had a 5m downwave underway, so the move was to look for shorts, and a bearish signal came a little after the open. Once the 1m made a bullish gravestone doji, it was a pretty standard drop to new lows. 1m pulled up again for an upwave and subsequent wave B with lower low after.
Day
Trades
- Yellow circle: 1m gravestone doji to set up the opening reversal for a short to new low. Profit can be taken from the 1m bullish hammer near the bottom of this move.
- Not circled, but 1m bearish harami at the high of the second wave around 7:15 AM. 1m pulls up for a second wave and makes a great short setup. 5m is barely below 0 so we know the move is not deep enough to be finished. Profit can be taken at a new low.
- Purple circle: 1m bullish harami along with 5m bullish harami and 15m 34 line up for a perfect entry long for the rest of the day.
- Yellow box: 1m pulls below 0 again later on for another upwave setup, falling on the 5m 34 as well as 15m 21.
- Purple box: A final 1m dip below 0 for another upwave, this time with 5m grazing the 0 line, and 15m rebounding off of 21 once more.