Let's do an exercise. Mark on the chart where you would get in if you were getting in at 3815. You are not allowed to get in any other price, only 3815
If I'm forced to take a trade at only 3815, then either at A when it hits the first time, or we can take it at B as it comes back up. Seeing the double bottom a few minutes later would be nice, but I'd still be worried about that overnight low test at 3809
3815 hits two more times. If we wait for the double bottom, we can catch it at C as it comes back up again. But often times, there isn't a double bottom. It hits a level once and takes off, so the trade would have to be missed. If we wait till D, well by this point, its going sideways, and we almost have to wonder if the trade will even work because the momentum to the upside is clearly not strong.
The correct answer is D (and that was my entry) Momentum to the upside is "clearly not strong" yet... Somehow it went up another 60 points altogether. Consider what changed between point A and D to make that a decent trade.
You will have to walk me through this. I see your nice higher low on the RSI, but I don't really look at RSI. And your red boxes with strong buying don't really show anything about 3815.
Between A and D we have some slight higher highs, but it was almost a gift that it dropped back down again to 3815. Any more strength and that trade would be gone. If you're waiting for an entry with this many chances, how many of these can you catch? Also, with this many chances, I'm not sure if it means the trade is still as viable since its taking too long perhaps.