Yellow circle: No doubt, this day is pretty tricky. 5m and 15m are going lower pre-open, so we look for the opening short, coming on a clean 1m 7J bearish harami. After this short, the market stops abruptly on the 1H 34, and we get a massive reversal.
However, we know the market is supposed to end lower. There isn’t a great signal for taking this long, but it does set up a secondary short soon after.
Orange circle: 5m makes bearish candles, several of them, while the market is stabilizing and turning back downward. 1m does the same. If we do not recognize this in time, the 15m bearish engulf sets off the second down move for us to take slightly late if we need to.
Yellow box: If missing this top, we can look for the 1m to pull back to the 34, which it does. It might not, but this is our only chance to take the rest of the move, which is still about 150 points from this late second (or third) entry.
Finally, we get another reversal at the bottom, coming on a very strong 1H 34 bullish harami hammer. This move comes with a perfect 5m bullish harami as well, but because of the context, it is tricky to assume the market will run as much as it does here. Once the 1H candle closes, we have a bit of confirmation that it is indeed a decent long, but the 5m entry is so good we can wing it at that point.
There are some optional 5m false 34 rejection setups as well, one coming around 12:00. I did not circle them, but it is late day and thus optional, but still quite profitable if taking the first instance around 14250. The move runs until nearly 14400 to close the day.
