Yellow circle: At the open, 5m and 15m are clearly bearish and beginning a strong down trend. 1m pulls up for a wave (despite it technically having started its downwave), to break the highs, and then makes a double top very quickly after. 5m comes off the 34 at the same time, and the market drops a good 150-200 points off this.
Orange circle: Shortly after the crash, 5m stalls and makes bullish harami/engulfing candles to pull back up. This pull up stops at the 15m 21, and the 5m 34. 5m makes several hanging man bearish small body candles, but no sig candles at this time. 1m is above 0, and despite no sig cnadles, it starts dropping off after ~15 minutes here. If we miss the top, we can enter on the next trade.
Purple circle: 1m pulls up to the 34 immediately after crossing below 0, standard.
Purple box: After running down 100 points, 1m pulls up again with no sig candles, and stops with a bearish gravestone 7J on the 34. Standard.
Orange box: Long after the market stabilizes at the bottom, 5m starts curving up and going for its first upwave of the day. In this box is a 5m fake 34 rejection, which the 1m sets up on the 34. There are several ways to enter here but anywhere on the 34 would work fine. This runs all the way to the 15m 34. And this shows the beauty of the fractal philosophy, as the 15m sets up a fake 34 rejection right there.
Yellow box: As noted above, the 15m sets up a 15m fake 34 rejection on the 34, which the 5m sets off with a perfect bearish harami 7J and then a bearish gravestone harami 7J after. This second candle breaks the highs of the first signal, but we can trust the first or re-enter the second if we overreacted. At the same time, the 1m sets up with a pullup if we miss the very top, shortly after the top. This is entered with a bullish gravestone 7J.
Yellow box 2 (on 1m chart): After the 1m pullup, the MACD crosses below 0 and gives us yet another entry (3rd entry) if we hadn’t entered yet. The 1m stops at the 34 and immediately crashes, a good 70 points off of this move.
Blue box: The final move of the day is very late, and optional. This is the reversal of the fake 34 rejection set up on the 15, and the move is very powerful, reversing the entire drop in about 15 minutes.
