This day was a straight bullish move for the entire morning, beginning with a 1m bearish spinning top right before the open. We would pass this up to be disciplined, but it’s not the worst idea to enter because the 5m is already below 0 pre-open. A good pullback never comes.
Yellow circle: If we wait for a proper bullish entry, the 1m barely dips below 0 and makes a bullish harami 7J here. If we wait a bit longer, we get a better one, over 70 points higher from this.
Orange circle: The better signal comes much later, near the 5m 21 with a bullish 1m harami again, this time far below the 0 line. This can be held the rest of the day, but for max profit, we would hold until the 5m bearish candle comes near the top.
Purple circles: There is one opportunity to short, on a short term 1m pull up while the market dips below 0 on the 5m for the first and only time of this day. We wouldn’t want to short typically, but the second test of the 34 here provides a great profit for a short, so it’s a decent trade to consider.
