Yellow circle: 1m opens with a touch to 34, and immediate dump to new lows. There isn’t a sig-candle here, or even 7J, to use as an entry. We just have to trust the close being bearish or skip this.
Purple circle: 1m comes back to the 34, again making a large spinning top bearish close, without a proper sig-candle. It then dumps again.
Purple circle: After 5m comes off the 21, we get a push up to the 34, and a fake 34 rejection. This time, we have a great bullish engulfing on the 1m to enter this burst to new high, and immediate profit taking as is standard for this setup.
Blue circle: After the new high, we get a bearish harami gravestone 7J on 5m, almost perfect for a short entry.
Orange circle: On the way down, we get a 1m pull up to the freshly-bear-stacked EMAs, with a spinning top as the entry.
Yellow box: The market makes new lows, and then recovers to EOD. We get one more good bullish entry on the 1m, this time a regular bullish candle closing on the freshly stacked EMA.
