Yellow circle: 1m shallow wave coming off fake 34 rejection on 5m. 5m is stalling, not moving for over an hour, and we get a burst to new high off the fake rejection. Standard.
Orange circle: On the way down, 1m EMA stacks and we get this bearish engulfing/congested area on 1m. This is optional because the candle signal is not great, but we have been seeing this work really well so it’s worth taking here.
Purple circle: 5m comes off 34 again with no real setup on 1m, and no 5m wave yet, so we skip the 5m entry. However, we get a test on the 21 with a proper 1m shallow wave and bearish hanging man harami non-7J, which is a better entry. This takes us down for about 100 points.
