Yellow circle: 1m comes off the 34 shortly after the open, and we have a strong down trend on 15/1H broadcasted. However, the signal is less than ideal here.
Orange circle: We don’t get another standard setup on 1m other than another 34 test, which we could take later. But then the 5m reverses with a weak bottom, and we need to take note of this. On the way up, we get a bullish 1m harami on the 34, with a fake 34 rejection on 5m.
Purple circle: This is interesting, we get a second fake 34 rejection almost, with a bullish harami on 5m this time with non-sig candle on the 1m Wave B. This needs more investigation as for the 34 vs. wave on 1m while 5m fake 34 rejection sets up. As of now, I am treating this 2nd move as the real move, as the first just barely approached the 34 and didn’t have a bearish candle either.
