Yellow circle: 1m bullish engulfing off a massive 5:30 news drop makes it look like we are going to recover the rest of the day. However, 1H and 4H are coming down, with 4H 34 and 1H on a steadily dropping MACD. Thus, we get a fake recovery, and then collapse again til EOD.
Orange circle: 5m fake 34 rejection, though unorthodox, comes with a bullish engulfing with a 1m shallow down wave into a burst through the high. Note the 5m pulls back barely, like a 34 test, and runs again after. Even in this unorthodox setup, it’s somewhat got the same structure.
Purple circle: Along the 5m 34, 1m makes a pullup bearish harami 7J, which then stalls for over an hour before collapsing.
