Yellow circle: Note we have two horizontal support lines drawn, and our open bursts up without a proper entry. Thus, we can reverse on the 1m bearish harami 7J to break the open support, and even the overnight support a little lower.
Orange circle: After the rebound, if we miss the bullish engulf on 1m, we get a non-sig non-7J test on the freshly stacked EMAs. This is optional, but coincides with a 5m bullish harami hammer on the 21, shortly after its own candles recover off the 34.
Blue circle: The best entry for this move comes with this 1m double down wave/5m 21 setup at around 8:20.
Yellow box: We may miss the crash on the way down, because we don’t have a resistance or some other level to use off the top. But we get a great 5m pullup toward EOD, with 1m making a near perfect bearish gravestone non-sig 7J to lead off the move.
Orange box: After the wave/pullup begins, we get a 1m test off the 34 with multiple entry candles here for new lows.
Purple box: Finally, after the 34 new low, we get a wave with a perfect bearish harami gravestone 7J sending it to new lows before EOD.
