Yellow circle: 1m opens with a dip below the low but swift rebound. We don’t get much of a long entry until this 1m wave with proper bullish engulfing + 5m 21 setup for a new high.
5m slows down and starts falling off, but we have to either take a pullup without much of a downward target, or skip the initial short entry.
Orange circle: Once 1m EMAs become clearly stacked, we get a better downward trend, and several tests along the 34. Note that this takes quite a while to get started, so it is a bit tricky not entering 1m earlier than this. However, the EMAs tip it off clearly for the first few waves on 1m.
5m makes a fake 34 rejection on a simple 34 touch and fall back, which comes with a 1m downwave and several bullish non-sig candles. This runs immediately to a new high.
