Wednesday, December 14, 2022

Open

Day

Trades

  1. Yellow circle: 1m bullish inverted hammer engulfing right before the open. Gradually rising MACD on 5m as well. Very easy.
  2. Orange circle: We don’t get a clean top to reverse, but we get a gradual drop around 8-9 on 1m. A bearish spinning top harami 7J lets us get an immediate new low, but it’s not worth very much.
  3. Purple circle: 1m bearish gravestone non-sig 7J just before FOMC makes it very easy. 1m doesn’t have a sig-candle however, so it’s a bit of a leap of faith to take it immediately at the close and not wait to see a potential spike. However, it’s coming off of the new high and bearish harami on 15m, so it’s still very strong. Note also the 15m divergence on MACD.

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