Yellow circle: A ton of setups today after only two yesterday. First, 1m opens along the 34, taking its time to gather and make several bearish engulfing and a hanging man, all non-7J. This runs lower for about 100 points.
Orange circle: After the first 1m pullup, and bearish candle, we don’t get a sig-candle at first. But 1m pulls back for a shallow wave, getting a bearish gravestone harami 7J and bearish engulfing non-7J along 5m 21 for the next push lower. Another 100+ points.
Purple circle: At the end of the move, 1m makes a 34 test again witha bearish harami 7J, and another 50 points to the low.
Blue circle: 5m rebounds with a bullish engulfing, and 1m pulls back to the EMA stack (sort of, 7 is gapped already). This is optional but the move is immediate and strong right after.
Yellow box: 1m makes a wave shortly after, for a new low, coming off the 5m 34 for a fake 34 rejection. New high.
Orange box: 1m 34 coming after the previous wave, a bullish engulfing non-7J and subsequent secondary 34 test takes it to a new high again.
Purple box: Note that 5m makes a spectacular bearish harami 7J shallow wave setup for a reversal off 15m 21, but this fails. 15m is on a steady rising MACD, and 1H MACD is quite unclear at this point. We do get a strong move but not to new lows before another burst takes it higher to end the day.
