Yellow circle: 1m opens and goes lower, with a sharp bearish trend on every time frame. 15m is coming off of 34 so we should look for a longer term move. 1m gives us a chance to get in near the opening prices, with a bearish harami gravestone doji 7J, along the 5m 21 and 34. This is the trade of the day, potentially
Orange circle: After 5m makes its two-move curve on the MACD, we know to look for a run to above the 0 line. This needs further examination to figure out the frequency. 1m makes a bearish double top 7J, with a non-sig candle. If we pass this up, which is considered, we wait for the 5m to get above 0 which takes another 2 hours.
Purple circle: There is an optional 1m pullup and bearish harami along an unstacked EMA here. MACD is barely getting below 0 so we know it’s about to fall off the cliff. This can be taken for about 50 points, with the exit either on the 5m bearish hammer or 5m inverted hammer shortly after 9:00. Neither one is a clear exit candle, but 5m continues rising on the MACD, so this is counter trend and can’t run that long. This trade is considered tricky because of the 5m coming off the 34 just slightly, and in other situations may have made a new low first.
Blue circle: The best setup comes on the 1m wave with a bearish harami 7J, and 5m having finished its run above 0. This coincides with the 15m 21, and although 5m doesn’t have a great entry candle, the 1m candle is perfect. This runs for over 150 points.
