Yellow circle: The first setup of the day comes after a failed 1m 34. The 1m had already dropped off of the 34, and then 21, pre-market. Then, it reverses upward for its first wave, which gives us our first setup. Note that it first makes its first wave along the 5m 21, and this fails. 5m explodes upward to the 34, where it makes a bearish engulfing. This setup would normally be perfect, but 5m makes a second test and breaks the highs before this move starts moving down.
Orange circle: On the way down from the first peak, 1m makes a bullish gravestone followed by a larger body bullish gravestone on the 34, and immediately tanks to a new low. Standard.
Purple circle: After the reversal at the new low, the 1m gradually builds back up for the second 5m pullup. This pulls back to the 1m 34 multiple times, two main areas circled where the 1m 34 made a new high each time.
Yellow circle #2: On the new high, the 1m makes a bearish harami hanging man, and a few candles get stuck at this level. Normally, we would be able to hold through the pullup from the 5 min entry earlier, because it was so strong, but this may have been tough to hold for an entire hour as it breaks the high. But at this new high, the 15 min is at the 34, and makes its own bearish harami along the 34. Shortly after this move, the 1m starts tanking.
Yellow box: On the way down, the 1m pulls up yet again, this time making a pullup bearish engulfing spinning top. This starts the move finally, and the market tanks the rest of the morning.
Purple box: After the 5m makes its first pullup toward the 21, the 1m makes its first upwave of this new move. This stops just before the 5m 21, and the 1m makes another push up to touch the 21, and then crashes once more. No 7J but one harami and a bearish gravestone non-sig set it up.
Blue circle: Later, the 5m pulls up yet again, this time to test the 34. The 1m comes up for two waves, first touching the 5m 34, and then extending past it a bit, as the 5m makes a bearish gravestone harami this second time. This final move sends it through the low of the day finally, and the move is completed.
