Wednesday, August 31, 2022

Open

Day

Trades

  1. Yellow circle: 1m opens down, pops back up to new high, and collapses again without a great signal anywhere. On the way down, we get a bearish candle close on the EMA just starting to stack. This is optional due to candle quality, but it is still decent.
  2. Orange circle: After a run down, 5m pulls back to the 34, where we get a pretty good 1m wave. This caps off with a hanging man bearish close, although non-sig and non-7J.
  3. Purple circle: We get another short entry shortly after, with a 1m pullup above 0 and a quick drop off with a bearish non-sig engulfing type of candle. This coincides with 5m 34 just barely getting tested and then falling of with a bullish gravestone on 5m.
  4. Blue circle: 1m bearish harami hanging man 7J, on a wave/5m 21. 5m then goes to the 34 righ tafter, breaking highs, but keeping the original move valid. This is definitely tricky but thankfully not a big drawdown to sit through.

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