Thursday, February 10, 2022

Open

Day

Trades

  1. Yellow circle: 1m made a bullish candle JUST before the open, and we know the massive drop at 5:30 was to be reversed.
  2. Purple circle: 1m could have just been sat on until it reversed completely. But the purple circle set up a very easy 1m 34 reversal to finish the move off a small pullback toward the end of the move.
  3. Yellow box: Immediately after reaching the full reversal high, 5m made a bearish harami and the market dropped off the rest of the day.
  4. Purple box: 1m/5m pulled up, after 5m made a bullish harami shortly after crossing below 0. After this set up, if not taking the absolute high earlier, there was no major set up on the slow way down.
  5. Blue box: 1m wave on 5m 21 set up a few times toward the end for new lows. Profit could be taken somewhere around 12:00 when 5m made a bullish harami 7J.

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