Blue circle: 1m bearish gravestone non-sig 7J followed by bearish engulfing, off of the 5m 34. 5m makes a bearish harami as well, for a pretty standard setup, which we can hold until EOD. Note the 1H and 4H are both very bearish pre-open, but 4H ends up stalling a bit along the 34 toward the end.
Yellow circle: 1m coming off the 34 after the previous wave, for an immediate new low. However, 5m pulls back up to try to get a wave, and though it fails, the 1m MACD is also increasing leading into the new low. Likely lose 15 points on the exit.
Orange circle: 1m 34 after the previous down wave, bullish engulfing as the 5m tries for its wave. Standard, new high and exit.
Purple circle: 1m 34 after the previous wave, this time on the 5m 7. Normally we should exit on the new low, but this day continues on for quite a while, so it’s better to hold. However, 5m has no wave until the EOD, so it’s tricky anticipating a potential wave on the previous run up and not getting it.
