Yellow circle: 1m bursts up with 5:30 news, then pulls back to the 34 with a bullish engulfing. Optional because pre-market but still standard.
Orange circle: 1m pulls below the 0 line, but makes a 34 rejection/new low before running back to new highs. This is a very tricky situation: we need a full news reversal which is being delayed, but also the 5m bullish harami on 34 suggests a reversal back upward which does not work due to the 1m. Instead, we get a new low, possibly forcing us out of the earlier entry long.
Purple circle: After the market pulls back up, it stalls out for a long time. Keeping in mind that we need a news reversal, we might be ready to short at the new high. Instead, I was not in this moment and missed the move. 1m also jukes up to break highs for a second wave attempt before collapsing through EOD.
Blue circle: 1m wave/5m 21, standard, but we get a juke again, this time taking it through the high for just a tiny bit before crashing again off the 21.
