Yellow circle: 1m opens up against the 34, and makes a long bearish engulf candle, with a long tail but smaller body. This is not an ideal candle because no 7J, but it’s off the 34 and the best entry for the whole day.
Purple circle: Shortly after the drop, 1m stalls a bit, comes up tot he 34, and makes its first wave around 7:00. This coincides with the 5m 21. Note that there’s no sig-candle here; we just have to use instinct.
Blue circle: This is tricky, with 1m coming off the 34 after the previous wave, but ultimately failing to make a new low. Instead, it rebounds to a new high, and jukes us out with a bullish gravestone doji providing another entry at a higher high.
Orange circle: Another juke, this time on the 1m pullup, followed by another wave shortly after. In this case, we get a weak entry at the high along 5m 34, and a bearish 5m engulfing that makes it seem like a valid entry. But before taking off, 5m stalls and comes back up for another fake run on the 1m, off a bullish harami non-7J. This sets a new high, and then makes a bullish gravestone doji non-sig 7J that finally sets off the rest of the downward move. Two jukes here. We can exit somewhere at the new low or wait and get a bit more, but 5m doesn’t make a clear bottom so it’s a bit tricky. Note 15m is also above signal line the entire final few hours, and this prevents it from running.
