Yellow circle: We get a good 5m bullish harami right before the open on the 34, leading to an immediate spike. Note the MACD is also decreasing on 5m, telling us we should not hold the long term bullish move.
Purple circle: 1m makes a great bearish engulfing 7J on the top, which leads to a full reversal of the 5m, taking us below where we started, as expected.
Blue circle: 5m makes a bullish inverted hammer at the bottom, but there isn’t a lot of context for where it should go. This takes us up however, and a bullish 1m harami gives another potential entry. But this move is optional. The target is unclear and the day ends up doing nothing.
Orange circle: 5m makes a bearish hanging man harami 7J after its pull up, which sets up a short, but it then jukes and breaks the high with a bullish gravestone hammer 25 minutes later. 1m doesn’t have any sig-candles here as well, and this entire pullup top is difficult to play as a result. Not worth it really.
