Orange circle: 1m opens above 0, with a decreasing 5m MACD HIstogram signaling the initial pullback. 1m makes a bullish engulfing on the 34, bursts through the high, and then collapses. The new low gets made twice, with a bullish harami 7J onthe second low. This sets up the low for the day.
Yellow circle: After about an hour and a half, the market moves to below the 0 line on 5m, for a wave B, bullish harami 7J, and run to about EOD. Also note the 1H is rebounding off the 21 EMA throughout the morning.
Purple circle: Later, at about 11: 1m has its first real down wave, coinciding with FOMC. We needed a strong pullback at this point on 1m, and 5m 34 stops it for about 15 minutes, and we get a massive run after. The 1m entry is difficult, because of the multiple tests on the 5m 34, but it is secure overall with a 20-30 pt stop. This runs to about +150 points until just before EOD.
Blue circle: 1m 34, with a bearish hammer non-sig 7J. There aren’t any other good entries on the long, and this gets a new high worth about 40 points.
