Yellow circle: 1m bearish engulf off the 34, standard. Reverses the pre-market 5m run up into up wave, which is partof a 15m pullup, and a new fake high on the 1H (check 1H MACD overnight).
Orange circle: 1m pulls up for an up wave/5m 21, but it narrowly missed the 5m 21. However, the 1m candle is very good, and it’s the first 1m wave. Have to take this.
Purple circle: Congestion around the 1m barely stacked EMA leads to another low off the 34 after the previous wave. But since we don’t have the new low on 5m, this can be ignored or used to re-enter that larger move.
Blue circle: 1m wave, 5m 34 (again narrowly missing 34). This is optional due to the 5m, but can be considered. A better move doesn’t really come today, but a lot of decent small short positions along the 1m wave/34 are consistently working. It is best to hold overall.
