Yellow circle: Market opens up with a bullish 5m MACD falling off, which creates a bearish drop. 1m makes a bullish non-sig hammer 7J that we can take for the reversal, but if we miss it, we have ot wait until the bearish top. This comes with a bearish 1m engulfing 7J, and a better bearish gravestone big body doji 7J on 5m. The 5m breaks the high right after on a fake spike, but hopefully we trust this signal the whole day.
Orange circle: On the way down, 1m starts slowing down, and makes a bullish engulfing non-7J, along with a great bullish engulfing big body hammer 7J on 5m, which sets up the rest of the day. This entry is safe the whole day.
Blue box: Note that we get a 1m fake 34 rejection here, with a burst to new high, a bearish top, and an attempt to get back below 0. Instead of going below 0, 1m makes a bullish hammer and spikes again, then collapses back to the same level to satisfy the wave. Fake 34 rejection theory is looking good here, but it would be very tricky to accept missing the initial spike based on trust in this concept. We must do it though, because the 1m looks like it could be a fake just before it takes off here.
Blue circles: When 1m makes it below 0, it rebounds on a weak 1m bullish non-sig 7J candle, and then returns to this level for a better bullish harami 7J that takes the market up the rest of the day.
Purple circle: Standard 1m first wave on the new bullish run on 5m, rebounds on a non-sig bullish spinning top 7J and then runs the rest of the day for over 100 points.
