Friday, August 26, 2022

Open

Day

Trades

  1. Blue circle: 1m opens downward, ultimately testing 34 twice, and then crashing for about 150 points. Once it runs out of gas, it pulls back up to above the open.
  2. Yellow circle: 1m makes a bearish spinning top non-sig 7J, for its first up wave after the open. This is optional based on candle quality, but the market is so clearly bearish, we maybe take it simply as the first wave.
  3. Orange circle: 1m pulls back up to an up wave, along the 5 7, not shown here. Later, it pulls above 0 again with the 5m 21, this time without a good candle. The 5m 7 entry with a bearish harami is better, though we need to take profit immediately.
  4. Purple circle: 1m comes up to the 34 shortly after the wave with 5m 21, and again no good candle here. Optional. A better 1m 34 comes much later, with a bearish harami gravestone, and either one is totally safe to enter on and hold til EOD.

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