Yellow circle: 1m makes a bullish engulfing non-7J off the open, rebounding off 5m 34 with a 1m down wave as well. Best entry we get the rest of the day.
Orange circle: After the 1m makes its next wave, we get a bullish engulfing of a bearish hammer 7J, and this takes us to new highs for about 50 points. This is an FOMC day, so not much else after this.
Note the yellow box, where 5m comes off 34, makes a new high, and then immediately fails.
Purple circle: After the new high, 1m makes a bearish harami and collapses to set a new low from pre-FOMC. This is standard, but we don’t get a great reversal pattern for the long after.
