Yellow circles: We have the 1m open above 0 and falling off after an opening spike. The opening spike is tough to take because of the weak signal, but we can wait for the 1m down wave, and then get in long on the bullish doji + 5m 34.
Yellow box: After beginning to fall, which is expected because of the 15m fake building up the past 3 hours, we get a 1m pull up shortly after 5m starts getting below 0. 5m does not make it above 0, so this trade may be imperfect. But we can go off the 1m bearish gravestone 7J as a strong enough signal here.
Purple circle: 5m engulfs and starts making its way up to the 34. 1m very long bullish gravestone doji sets this off, standard.
Purple box: 5m fake rejects off the 34 here. This is tricky because I don’t normally notice this, but 5m MACD has built up over the previous few hours. On the first 34 touch, it did not last long below the new low. It might be difficult to take profit correctly on that previous short. But after it fakes the 34 rejection, 1m makes a good wave B and runs to the new high. After this, we can look for shorting the 5m wave.
5m makes its first pull above 0 since the open, and sets up with a 1m bearish harami 7J which is standard for the final short.
