Yellow circle: This was a day that cost me heavily, because of the 1m large bullish engulfing candle that tempted me to jump in on. To hold this through the congestion was about 50 points, and I ended up taking the loss and missing the move instead of trusting it. Instead, we can wait for the bullish hammer that comes later, and simply trust it, because it is not quite a 1m down wave either. Very difficult but rewarding entry.
Orange circle: The first 1m wave comes later, around 7:40, along the 5m 21, and this fails. After the 5m made a bearish top, we should not trust a 5m 21 I think. Instead, we get a pull back to the 5m 34, and then a better 1m bullish harami/hammer setup for that.
Blue circle: 1m makes a pullback to the 34 shortly after the wave starts taking off. 1m doesn’t make a sig-candle here, however.
Yellow box: 1m makes another wave with no signal, so it’s not marked, but then another non-sig test on the 34 takes it higher again.
Orange box: Final 1m wave comes late in the day with a proper bullish engulfing signal, and this takes off for another 100 or so points to EOD.
