Yellow circle: Note the 1/4H were clearly bearish to start the day, so we should be looking for a single good short on the 5m today. Market opens running up off of nothing, collapses, and then makes a proper bullish engulfing on 1m. This takes us into the 5m fake 34 rejection. We get another 1m bullish harami candle higher up for the fake 34 as well.
Orange circle: After the fake 34 on the 1m, we get a pull back to the 34 as expected, but also a slight dip below 0 for a 1m Wave B. This coincides with the 5m fake 34 rejection that’s underway, and leads to an explosion as expected. In this case, 5m runs up past the overnight high before finally collapsing. Textbook.
Purple circle: 1m comes to an up wave off the 5m freshly bear-stacked EMAs, and then takes off downward. 1m makes no sig-candles here.
Blue circle: 1m bearish harami off the 34 after the pullup, standard.
Yellow box: 1m makes another wave, this time with a bearish gravestone non-sig doji, along 5m barely testing the 21. Again takes off, and either this or #4 can be held until EOD.
