Yellow circle: 5m comes off 21 with 1m upwave, multiple entries available with a head and shoulders on 1m. Standard short, but have to be careful with the 1m. When it sets up the shoulder, it comes off an engulfing bullish candle, and then the shoulder fails without a sig-candle. Going off 5m, there is no buy signal despite it being a bullish hammer, so we should be able to ignore the bounce, but it erased a lot of my profit when I traded it.
Yellow box: 1m comes up for another wave, this time with 5m coming to the 34. This serves as a great later entry, but again no significant candle. Just have to trust the 1m and 5m here.
Pink circle: 1m comes up for another upwave, with 5m making a double top just around the 34. These are all extra entries assuming we missed the first. Ideally, we hold the whole way down on this day. 1 Hr was coming off 34 overnight, but the move began pre-market, so just aim for one short entry and hold.
