Yellow box: Note the 4H is coming off the 21, with a 1H wave at the same time. This produces a massive crash immediately at the open, and carries on through the rest of the day.
Yellow circle: After the opening crash, we can know that there will be a chance to get back in, and we get it along the 15m 34. Every trade here is simply shorting along the same trend. This first trade is a 5m bearish harami 7J (perfect), and the highest level we ever get for the rest of the morning.
Orange circle: After the initial short, there’s another 1m pullup with a double top/non-sig 7J, and this comes with the 5m finally making it above the 0 line. While MACD is higher, price never gets further up, so we can short this with the comfort of the wave finishing and the 5m MACDH clearly declining as well.
Purple circle: 1m pulls up sharply above 0, and 5m makes a bullish non-sig 7J candle at the top, not quite a pull-up but above the 34. In-between but otherwise pretty standard, resembling a bearish harami.
Blue circle: 1m makes another pullup, touching the 5m 34, standard.
Orange box: 5m makes its way back to the 34 at some point, on a gradual recovery in the end of the day, but 1m makes a spectacular bearish harami gravestone doji 7J which gets us into a straight down move through the lows, until EOD.
