Yellow circle: Market opens with a drop down off 1m bearish harami (pre-open), into 1m wave. 5m comes fof the 34 with a great bullish engulfing, non-7J setup for a good hold the entire day. Also note that we are reversing a large 4h crash rebounding off the 34.
Orange circle: After 1m recovers to almost the new highs, it dips below 0 for two shallow wave B’s. On the second, we get a great bullish harami spinning top 7J, to go long.
Purple circle: After the wave, we get a great 34 reversal, on the first 34 touch. Bullish engulfing as well.
Orange box: Shortly after, we get two 1m waves, which are the first waves once the trend has gotten going. The second one comes with a bullish harami 7J, a better signal than the basic double bottom on the first wave. Both are still shallow, however.
Yellow box: On a short term pullback, 1m comes off the 34 for an instant new low.
Blue circle: After this new low, we get a strong bearish hammer non-sig 7J, along with a divergent MACD and recovery off the 5m 21. This is standard, but the candle quality is slightly less than perfect.
