Yellow circle: 1m comes off the 34, but no sig-candle. Optional and difficult because it’s closing like 25 points lower than the 34 touch.
Orange circle: Another 34 without sig-candle, and thus optional. Comes after 1m reverses for first wave, then makes a bearish harami 7J (not pictured). Market goes sideways for much of this morning, so it’s not easy.
Purple circle: 1m comes up for a 3rd wave with a bearish harami 7J, which coincides with the 5m wave finally getting over 0. However, we do not get a low break here, as the 15m is on its way up and is bullstacked before the morning starts. The 15m MACD leads it to below 0, but we do not get more than a momentary wave on 15m and then a full reversal to the upside at EOD.
Blue circle: 1m comes to shallow Wave B with 5m fake 34 rejection setting up, which gives us an inverted hammer non-sig non-7J bullish candle on 1m. If we miss this fake 34 rejection, we get the pullback to the 34 with 2 great hammers on the 5m 34, which is our last way to get into this trade to EOD, worth 100 points.
