Yellow circle: Note the MACD on 5m, 15m, leading into the open. This means we can get short on the 1m spinning top 7J, although it is far from an ideal signal.
Orange circle: 1m 34 gives us another entry, along with the next trade.
Blue circle: 1m comes off 34 for a second, lower entry, and this comes with the 5m 21, and then runs until the 5m wave is finished.
Purple circle: After the 5m wave finishes, the 15m is also finishing its wave, and 5m makes a bullish engulfing to start the reversal, off the 1H 34.
Purple circle 2: 1m pulls down for a wave B along the 5m 34, and then runs to a new high. Textbook.
Yellow box: 1m pulls down for another wave, this time making a better bullish engulfing 7J, again along the 5m 34, and this runs to a high again.
5m collapses for its own wave B, looking like FOMC but doesn’t seem like this was an FOMC day. 1m collapses and makes a bullish engulfing far from 7, which sets off the reversal (over 150 points). This runs to the new highs, and it was the move the 1H was preparing for earlier in the day.
