Yellow circle: 1m opens upward despite a downward sloping MACD, and makes a bearish harami big body candle, which immediately takes us to a new low, relatively. This is a move that ends in just 3 minutes.
Orange circle: On a short term rebound, we can take a bullish engulfing along the 34 here, for a new high. This sets up because of the 5m 34, but the 5m is also coming down on the MACD, so we need to be cognizant and take the exit on the new high.
Purple circle: A non-sig candle on 1m, but a setup with bearish engulfing on the 5m 34, takes us to a new low on this longer term down trend. There’s simply no good significant candle to get in on the top of this move, unless we take the 1m bearish 7J around 6:50.
