Yellow circle: 1m makes a bearish candle dip below the 0 line, along with 5m touching the 34. This set up is not perfect, but the move is close to perfect regardless. Debatable whether to take this with this 1m candle.
Purple circle: Sharp 1m pullback to 34, and immediate recovery to a new high, off the 5m 21. Again, poor candle quality for the signal and this time it’s a huge stop, debatable again.
Purple box: 1m finally makes a good quality bullish hammer candle, along 5m 34 again. This time the move is worth over 150 points, even if the previous moves are missed.
Purple circle #2: 1m makes a sharp high and then bearish harami 7J immediately, along with knowing the 5m needs to crash this day (needed its down wave still)
Purple box provides a second entry on 1m for #4 trade. No dip below 0 so it’s not a pullup.
Blue box: 1m pulls up while below 0 for a final entry before the real crash begins. I took this trade but did not hold for the full crash.
Blue circle: After the crash, 1m sets up for a 34 false rejection spike, which is optional because there is limited information on these going by 1m alone.
Yellow box: Shortly after, the 5m sets up for its own 34 false rejection, which is again optional with how the market has slowed down for the EOD. But coupled with 1m shallow wave B, it provides an immediate new high anyway.
