Yellow circle: Optional, less than ideal 1m bearish spinning tops on the 34. We don’t get a good entry on the opening pop and reversal, and this is the only real test of the 34 before it collapses and the move slows down a bit.
Orange circle: After the collapse, 1m runs up for a wave that doesn’t quite reach the open. We get a engulfing that fails immediately, and then a harami that fails again for a bullish gravestone doji to end up as the top candle. The 5m makes a bearish harami 7J here too, and the top is not safe, but it’s not far off either. This move is massive, and it’s important to just trust the 5m pullup here, though it is definitely tough because of the low candle quality and 1m jukes.
Blue circle: Later in the day, the 5m tests the 34 and makes a good bearish gravestone engulfing doji 7J, but 1m doesn’t make any good candles at the same time.
Yellow box: 1m pulls up very late for a shallow up wave, sets a new low.
Orange box: 1m pulls up again, for a higher high this time, and then collapses hard again at the market close.
