Yellow circle: 1m comes off the 21 with bearish harami non-7J. This is optional, but it produces an immediate new low.
Orange circle: 1m bearish harami on the first shallow wave test after the open. This gives an immediate new low, and then reverses, because of the depth of MACD making it look like a wave B.
Purple circle: On it sway up, 5m attempts to get above 0 but stops at the 34. Bullish gravestone doji non-sig 7J on the 1m, not ideal, but off the 5m 34, can work. Again kind of optional. This is also the first 5m 34 touch since the previous wave (before the open).
Blue circle: 1m bullish gravestone doji again, non-sig, non-7J, right on the 1m freshly bear stacked EMA. This produces a massive downward move.
At 9:45 we get another 1m wave with a good bearish harami 7J candle for entry, but this move is not valid because we came off the 5m 34 earlier, and 5m does not cross 0 at this point still. So we get a strong move from the core setup, but not a complete one because of the lack of 5m wave.
