This morning is very slow and doesn’t provide a lot of trades early on, but some great setups later.
Yellow circle: 1m coming off the 34, standard.
Orange circle: After the market falls off for a 5m down wave, there are no sig-candles to use here, so we can pass everything until the 5m begins reversing upward to resume the 15m uptrend. 1m comes down for a wave B at this point, on its way up, and we can go long here, but the trend is quite slow for some time.
Yellow box: The first great setup comes with a 1m down wave/5m 21 which accelerates the trend as always. This trade takes it to a new high but can be held even longer because the trend doesn’t really end at all this day. But this is the final perfect setup. 5m 21 sets up with another 1m down wave later, but these are less reliable after it has already set up the first time and is continuing on the same path. These moves are less volatile and less worth taking, so they are optional and better to skip.
