Yellow circle: The market opened up heading downward off a 1m harami and pull up pre-open. At the open, the market bounced up to the 34 twice, setting up a good short around 6:40 for an immediate new low. Note that the low ends the move, because the 5m MACD was going up before the open until about 6:15. Once this low comes, the 5m makes a bullish harami.
Orange circle: The bullish harami at the bottom is not a 7J, so it might be skipped, but this move was pretty standard to send the 5m on its upwave as it had originally planned. If we miss this entry, we can take the long in the orange circle. As the 1m goes up and pulls back for a wave B, it pauses on the 5m 34 just as the EMAs begin to finally stack. This long sets up the rest of the move.
Yellow box: Once we reach a new high, we get a burst up past the high of the overnight session, against the 1H MACD. Note that the MACD had been down overnight, so we are running up against this move the whole time during this first 3 hours of the morning. Once we break the high, we get a bearish 5m engulf of the bullish gravestone 7J top. We need to be wary of the 1H finishing its goal in order to take the bullish gravestone at the top.
Purple box: If neglecting the top, we get another chance in the purple box when the 1m pulls up on the down move. This pullup does not get above the 0 line, and it is a good signal with bearish engulfing, but not 7J. If not taking this move, we can take several other 1m 34 entries on the way down. But ideally, we take the top, or the pull up, or the next trade.
Orange box: This final trade comes with a proper 1m pullup to the 5m 34, and the 5m bearish 7J candle coincides with the 1m 7J top. Note that neither are sig-candles, so we have to be ready for it with the 1m failing on its first 7J and immediately beginning to turn down without a proper signal.
