Hello everyone,

I’ve marked a few points of interest on the attached chart and would really appreciate it if someone could explain them to me.

Additionally, I have a couple of questions regarding trading on the M1 time frame:

Which higher time frame(s) should one focus on when trading on the M1 chart?
What confluences to look for to increase the probability of trades?

Specifically, I was wondering if it’s a good idea to wait for an UP SQUARE and UP ARROW on the M5 chart as confirmation before taking an entry on the M1 chart.
Does anyone have experience with this approach or a similar setup?

Looking forward to your insights!