Yellow circle: 1m explodes off the open, without a good entry anywhere until after 7:30. 1m pulls back to the 34 here, making a bearish hammer non-sig non-7J, and then a bullish harami hammer non-7J shortly after. This runs for about 40 points at the new high, and then the trend is over.
Orange circle: 1m pulls up to the 34 first touch on the way down, giving another 50 point move if we wait until the 5m gets below the 0 line.
Purple circle: 5m makes a very feeble pull up, but we get a juke on the 1m here. There is a bearish engulfing on 1m, that sends it below 0 as if it’s ready to fall off, but it makes a reversal off of a bullish hammer engulfing. It’s easy to exit here based on the shape, but tricky to understand that it’s still just a fake overall. After this, the bearish harami that forms is a great short entry to take down for another 60+ points.
Note there is also a 15m fake 34 rejection, late in the day. 5m pulls back for another shallow wave off the 15m 34, and then makes a great bearish engulfing top, and collapses to a new low before EOD. As always, we take this break of the low if we are in this trade. Another 40-50 points.
