Yellow circle: 1m opens down, then pulls back up to the 34 with a great bearish harami 7J right at the 5m 34. Perfect setup.
Orange circle: On the way up, we get a 5m fake 34 rejection (first in a while). 5m pulls back and 1m just barely makes it below 0 before making a bullish engulfing, and 5m bullish harami hammer. This would be a profit taken at the new high , but this trade runs for a while.
Purple circle: Either way, we get a 1m shallow wave a little later right at the 5m just-stacked EMA. This is a perfect entry albeit with an imperfect 1m entry candle. We can hold this indefinitely but should take profit once 1m gets divergent (at new high or a little after).
Blue circle: 1m stacked-EMA 34 test and immediate dump on the way down to the 5m wave B.
Yellow box: 1m bullish inverted hammer non-sig non-7J off the 34, optional because of the candle quality. It works out, but 5m is mostly sideways after this, so we don’t miss a lot by skipping it.
