Yellow circle: Market opens above the 0 line on 5m, wanting a proper upwave, and we get a 1m bullish harami non -7J big body hammer along the 34 right after the open. This runs through highs and finishes the wave for the 5m.
Orange circle: Note the orange box, denoting that the 15m is now successfully pushed against the 34, and the 5m wave has been satisfied at this point. We get a bearish 1m gravestone harami 7J on the 1m (big body again), and while it takes a few minutes to gather, it takes off shortly after and runs the rest of the day.
Purple circle: Shortly after the top, 1m has a pullup above the 0 line, and makes a hanging man non-sig candle that gets us in for a later entry.
Yellow box: On the first recovery, the 5m makes a fake 34 rejection, with a non-sig bearish candle pulling down, and 1m making a wave B at the same time. Normally, we expect it to come off the 34, but it makes a new high off the 34 at first (5m 21 resistance), and immediately fails and goes for a wave B. At this low, there’s a non-sig bullish 7J regular candle, and 1m erupts through the 5m 34, into another wave.
Blue circle: During this wave, 5m makes a small body bullish gravestone non-sig 7J candle, coinciding with a bearish hanging man harami 7J on the 1m (perfect signal). This sets up the next wave on the way down.
Purple box: On the way down, 1m makes another pullup, and can be shorted off the 5m 34, but this is optional because of the low quality candle on the 1m.
Blue box: The last good move of the day, another pullup on the 5m, this time with a bearish harami on the 1m and also a bearish harami on the 5m. Immediate new low and running through lows to EOD.
