Wednesday, September 14, 2022

Open

Day

Trades

  1. Yellow circle: Market oepns straight down off a barely bull-stacked 1m EMA. This means it’s a fake, and we have a bullish 15m MACD slope leading into the open, so we need to find a long. 1m gives us this with a bullish harami spinning top 7J shortly after, which takes it back to above 0.
  2. Orange circle: After that opening burst, 5m wants to go down again, considering the decreasing MACD leading into the open. This runs down to below the previous low, where 1m makes another bullish spinning top harami 7J, and with a 5m bullish harami close, we get another burst to higher highs.
  3. Purple circle: After the 1m wave, 1m pulls back to the 34 momentarily and makes a big bullish harami non-7J, another burst to new high, and then stops.
  4. Blue circle: A tricky setup to get in short on 5m, but a great 1m bearish harami gravestone 7J tips us off if we are ready for it. Great drop afterward.
  5. Purple circle #2: Later, 1m comes off another wave with the 5m 21, gradually hitting 21 multiple times and with a double pull-up on 1m, one making it above 0. The first pullup has a good bearish candle, but second makes it above 0 and is thus a better entry. Both qualify as 1m wave/5m 21. New low, stop.

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