Wednesday, August 10, 2022

Open

Day

Trades

  1. Yellow circle: We have an opening pullback after a massive 5:30 upward burst, setting up a bullish day. The pullback comes back to the 5m 34, with a perfect 1m bullish harami 7J double-bottom at the same time. 5m candle is non-sig but still good. This is the best entry to hold until EOD.
  2. Orange circle: After 1m pulls back above 0, we can look for the 34 after the wave, which comes here. We have a standard bullish harami.
  3. Blue circle: An optional but great trade is this 1m bearish close on the freshly-stacked EMAs, running down for another deeper wave.
  4. Purple circle: 1m fake 34 rejection, but optional at this point due to 5m not having a clear down wave or 15m 21 or other setup.

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