Wednesday, October 5, 2022

Open

Day

Trades

  1. Yellow circle: A great 1m bullish harami right before the open, almost like a fake 21 rejection and immediate pop to new highs.
  2. Orange circle: This is tricky, notice that on the way down we get some stalling on 1m. It tries to pull up twice and doesn’t make it above 0, and doesn’t have a good sig-candle 7J, though it does make a bearish gravestone 7J prior. Then the bearish harami comes just before the 7:00 news, assuming it’s news, and immediately dumps. This sets up a longer term move for 45 minutes, and then an even longer term reversal for the rest of the day.
  3. Purple circle: 1m testing the freshly bull-stacked EMA, on the way up from the bottom. Note the 5m makes a bullish engulfing, not at the low, but really the only sig-candle entry around the lows.
  4. Purple circle #2: There’s another test on the 34 shortly after, with a bullish 1m engulfing.
  5. Blue circle: 1m makes its first downwave after 3 hours, with the 5m 21. This is a slow but steady move up into a faster move around 12. Ultimately we get a break of the high on the 4H.

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