Yellow circle: 1m opens up around the 34, on its way down after a massive 5:30 news drop. We can enter short at any of 3 bearish signals, with about 25 point risk here.
Orange circle: After the market drops off, 1m pulls up for its first wave of the day. If we wait for this wave, neglecting the wave around 6:15, we miss out on a lot. So this is actually a second wave technically. Bearish engulf on 1M, along the 5m 7. We would normally get out at the new low on a move like this, and we may be tempted, but 15m, 1H, and 4H are extremely bearish. It’s better to hold any 1m wave indefinitely in this situation.
Blue circle: 1m pulled up after the previous wave, made multiple attempts above 0 and reversals, and then finally collapsed after about an hour after the wave initially came. Then, it pulls up to the 34, with a non-sig bullish spinning top, which is the first 34 touch after the wave. It works, but this is optional.
Yellow box: 1m makes another wave, this time without much of a sig-candle, and this works again, but perhaps only because of how bearish it is today. Obviously better to be holding the #2 trade.
Purple circle: 1m makes yet another wave late in the day, this time off the 5m 34. This is a superb reversal, bearish engulfing, though without any sig-candle on the 5m. 5m simply drops off immediately, for about 80 points.