Yellow circle: 1m opens crashing down with the 5m down wave and 15m coming off the 34. We get a small bounce into the 1m 34, with a bearish large body harami 7J. This is a great entry candle, but we have to wait about 10 minutes around the same price before it collapses to a new low.
Orange circle: We get a divergence on 1m, with an okay 1m bullish harami, followed by a good hammer doji (neutral) J after. This rebounds with a 5m bullish harami at the low as well. 5m breaks the low during this time, but the harami is still the best signal at this time. This runs until EOD.
Not marked: After a run on the 1m, 1m pulls back to the 21 several times, and the 34 as well. This touch on the 34 comes with a perfect bullish hammer harami 7J, and the market immediately bursts up for over 60 points.
Orange circle 2: After the bullish burst, 5m makes a bearish harami at the top along with a long legged bearish spinning top 7J on 1m. This is not a trade we would need to take, but it is still valid for about 80 points as the 5m returns to the 34. This is a move that would need to be studied more to take consistently.
Purple circle: After 1m gets below 0, it makes a slow slope back upward, and then makes a new low again, into the 5m 34. 5m makes a non-sig 7J bullish close, and 1m makes a non-sig bullish hammer 7J as well. This is not a great signal for a long, but it is the lowest point for the rest of the day.
Blue circle 1: Toward EOD, 1m makes several pullbacks to below 0, but the best comes with another 5m 34 test. This happens at about 12:45, so it’s not necessary to take. 1m makes two bullish sig candles at each of these 0 line breaks, and reverses to a new high the first time, and doesn’t have time for the second.
