Yellow circle: Market opens with 5m rising on the MACD, telling us that we need to find a 1m pullback below the 0 line. This ultimately comes at 7:30. There is a weak wave B before that, but it did not cross below 0, so it can be skipped. This circled entry on 1m can also qualify as a fake 34 rejection on 5m, though it was very volatile when doing so. The 15m and 1H were both below 0, which might explain the dip below 0.
Orange circle: After the initial buy, there is no great entry using the 5m EMAs because the trend stays strong. We finally get one setup after noon, on the 5m 34 and 1m down wave, with a great bullish engulfing hammer worth about 80 points.
