Note that the 1H is pulling down all morning today. This is foreshadowing for how the day ends.
Yellow circle #1: 1m first wave, narrowly makes it across 0 line and sets up perfect bearish harami for a massive drop. Take profit at lows, then pull up to 34, but the second move is optional.
Orange circle: 1m makes a bearish harami 7J along the 21, but then pulls up into the 34 after for a higher high and more confirmation of the rejection. We can take the short on the 34 bearish gravestone (non-sig, non-7J) to be more disciplined. Exit on new low once again.
Purple circle: After making a new low, 5m makes a bullish harami 7J hammer. We can go long here, though 1m does not give the greatest signal (inverted grey hammer).
Blue circle: If we skip it, we get another chance with a 1m bullish hammer 7J (non-sig) on the wave B pull back. 5m recovers sharply from this, though it has yet another pullbakc after.
Orange box: During the next pullback, the 1m falls off and sets up multiple 34 reversals, though they are not shown here. Instead, we get another bullish reversal off the wave B on the 5m, and 1m on a second wave.
Purple box: Missing the last trade is understandable due to the poor signals, but the next entry comes soon on the 1m 34, and this runs to break the high set earlier in morning pull up on the 5m.
Blue box: Shortly after, 1m has yet another down wave during this run, and coincides with 5m 21, for a textbook run to a new high.
Yellow circle: After the new high, 5m makes a bullish gravestone 7J, and the market fails once more, this time running all the way down toward lows near the EOD. We get a single 1m entry on the 34, before it really runs to end the day. A ton of trades this day, lots to study.
