Yellow circle: The market opened up, and chopped for a few minutes, before settling below the 0 line on the 1m momentarily. Bullish hammer 7J non-sig on the 1m along with the 5m MACD wanting to go up (and a 5m bullish harami at 6:05ish) gets us into this long, which runs for over 200 points after. If we miss this entry, we don’t get one for some time.
Orange circle: The next proper entry comes on the 1m 34, but a non-sig bearish hammer 7J. This is somewhat optional, but it is a valid entry and worth over 40 points immediately, with some pullbacks coming afterward but never threatening the original entry.
Yellow box: After 1m finally runs out of gas, and 5m crosses below the signal line, we get some setups on the 1m 34 to the downside. Neither of these come with sig-candles again, so it is just an unlucky day. But we can ride either of these shorts down to the first bullish exit signal around 9:38.
Purple circle: 5m makes its first pullback below the 0 line, and stops just at the 15m 21. There are no sig-candles here on the 5m, but 1m makes some bullish hammer sig-candles at the low, so this is very ideal for a long to close the day.
Blue circle: If we miss the entry earlier, we can enter on the 1m 34 shortly after while the market is still crawling, and get another 50-60 points off a run to the new highs.
Purple box: Just before the close, there is an exceptional 1m wave/5m 21 setup, that we might miss by stopping early. As soon as 1m dips below, it overextends with a great bullish harami 7J and immediately runs straight through the high again before collapsing to close the day. The collapse itself is not circled, but can also be shorted with a 1m bullish gravestone, though it is unlikely we would catch this so late in the day. It is an earnings day, which is why the move is so large. Earnings should probably make their way into my strategy at some point soon.
