Monday, September 19, 2022

Open

Day

Trades

  1. Yellow circle: Market opens up running off 5m 34, without proper 1m candle. We can take it, but might skip. Later, 1m pulls back below 0 twice, with the first non-sig candle taking it to a new high, and then failing immediately again. The second entry provides a bullish hammer engulfing 7J that takes us to the main trend again. This is also a 5m 21 test.
  2. Orange circle: Right after the 1m wave, it pulls back to the 34 for a spinning top bullish harami. If we miss the first entry we get lucky here with a second one before a new high.
  3. Purple circle: 1m doesn’t make it an easy entry due to the size of the candle, but 5m makes a bullish engulfing hammer below the 0 line here, coinciding with 15m 34. Standard on 5/34, tricky on 1.
  4. Blue circle: Much later today, we get a 1m shallow wave/5m 34 after the 5m pulls back below 0 for a shallow wave itself. This takes us to higher highs EOD.

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