Yellow circle: 5m MACD tips us off about the opening run, so we get a pullback on 1m and immediately go long on the 1m bullish engulfing. We can hold until 5m tops at about 6:55.
Orange circle: Note that the 1m makes a great bullish signal, but it is with a 5m top already made. We should skip these.
Blue circle: As 5m begins to collapse, we don’t have a great late signal, if we miss the 5m bearish harami top. Instead, we can wait for the 1m to test 34 once the EMAs start widening, which happens at 7:45 and again at 9:00. In both cases, there aren’t non-sig candles, non-7J as well. Thus, it is debatable whether we take this entry, so we could miss the whole drop phere.
Purple circle: Another optional setup, with a shallow 5m run above 0, and 15m coming off the 21, but the 5m signal is strong. This also occurs very late in the day, so it’s probably better to skip it.
