Yellow circle: We get a perfect bullish engulfing on 1m, with down wave and 5m 34, setting up right before the open. This lets us enter long for over 150 points immediately. It is also coming off the fake 34 rejection on 1H, and an overnight bullish 4H.
Orange circle: After a run, 1m pulls back to the 34 with a non-sig 7J bullish spinning top for another burst to the high. While it’s best to hold the move through this, it’s worth about 60 points if we get in late here.
Purple circle: 5m makes a bearish gravestone non-sig 7J at the top, not a great signal, but enough to consider getting out. In addition, this is around the 4H 21, and 5m has been overextended for about 30 minutes already. Thus, the market trickles down. We get a 1m 34 with a bearish engulfing, though not 7J, and this immediately collapse for about 50 points.
Blue circle: First 1m up wave during the down trend, non-sig bearish spinning top. ight miss that, no big deal.
Yellow box: Another 5m fake 34 rejection comes along late in the day, with a great 1m signal this time. This explodes to the new high (relatively), for about 80 points off of the 1m bullish harami 7J. Spectacular final trade after all the mediocre short setups earlier.
