Open
Day
Trades
- Yellow circle: Weak 1m signal, debatable whether this is worth taking. Massive move is underway, so a better entry doesn’t come. Can assume from no 1m bullish signal that the first 7J/sell signal will be it.
- Yellow box: This is the first main setup to take. 5m barely gets above 0 for an up wave, 1m is already well above 0 and does a double top on MACD peaks. Can also consider this to be 5m on the 34 because the EMAs were very close together. Coincides with 15m 21 just barely missing the touch.
There are no other real trades to take here, and we can see that the red circle indicates the way this trend began on the 1/4 hour with very bearish hanging man on 4H, a gravestone ullish doji 7J on 1H, and no indication anywhere that there was a bottom.