This is the same HP setup i have posted a few times before. I usually see this on the 5min charts but today it formed on the 15min and I have found it to be very accurate at showing future direction. What you look for is the formation of a doji candle at the top or the bottom of a move. And then opposite candles on each side of the doji showing the reversal. In this case red candle down, doji, yellow candle up and then the buy off to close of the yellow candle. And of course the close and short of the bounce of the 50SMA. I know this is not exactly scalping per say but it does give you a direction in which to look to take trades. The first chart photo was taken when it the setup formed and the second chart photo was taken at the market close. I shared this with some other traders earlier. I hope you made some money with it.
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