Yellow circle: Morning opens with a drop into a massive upward spike, without a proper signal. We get a perfect 1m bearish gravestone harami at the top, and can short for a full mountain reversal.
Blue circle: Afterward, the 5m makes a bullish harami 7J, and note the blue circled 4H MACD suggesting an upward move for the day.
Purple circle: If we don’t take the bottom, we can get a 1m sharp wave B which is almost a 5m fake 34 rejection, but it is tough to call. 1m bullish harami 7J is a big body but still a good signal here.
Orange circle: Shortly after, we get another pullback on 1m, below the 0 line with a bullish engulf, though it is a big body again. Ideally we would just hold the 1m wave B here instead, if we had gotten it at a good price.
Yellow box: 1m coming off the 34, with a bullish harami 7J and several 34 tests after. Candle qualities are not great, but it is the first 34 touch and 5m is clearly bullish along with the overall market wanting to remain bullish.
Orange box: After the 5m makes a bearish harami top, it pulls back hard for a 5m down wave. We can get in on a 1m bearish hammer 7J once 1m has been below 0 for some time, but 5m makes a better quality bearish hammer 7J at the same point, and this is the best 5m signal for the rest of the day.
Purple box: 1m makes a better bullish hammer on the 34 soon after, which is a great later entry on the long, and can run for 60-70 points.
Blue boxes: Noe the 1m pulls up above 0 for a wave, and then again for a 34 shortly after the new low. This is standard despite the lower quality candles at the entries. We can pass these shorts up but they are decent.
