Friday, May 20, 2022

Open

Day

Trades

  1. Yellow circle: The market is set for a massive drop, and begins with a 1m drop into a pull up near the 0 line. A bearish harami spinning top 7J is the highest entry we can get on the short for the day, so we can hold this the entire way.
  2. Orange circle: Shortly after, 1m finally makes a move to above the 0 line, barely, and makes a bearish harami 7J entry that is again safe for the whole day.
  3. Purple circle: On the next run above the 0 line, it is again a shallow wave, this time making about 20 different tests on the 34 before running down again.
  4. The last proper setup comes on the long with a 5m fake 34 rejection. Note that the 15m is far below 0, and this validates the theory that the 1m pulls below the 0 line on the 5m fake 34 rejection, as it does again here.

Leave a Reply

Your email address will not be published. Required fields are marked *