A new week, wishing everyone great profits.
Today, let's discuss how to resolve time conflicts across different timeframes?
Why say this? When opening charts of different timeframes, the trends can vary.
For example, weekly, monthly, daily, hourly, and minute charts.
If the weekly chart shows a pullback, but the daily chart shows an uptrend, and the hourly chart also indicates a pullback, how should one handle this? Which one should be the baseline?
It must be said that conflicting signals from different timeframes within the same market is one of the challenges of technical analysis.
An uptrend on the daily chart, from the perspective of the monthly chart, may just be three lines, while the uptrends or pullbacks on the hourly or minute charts may just be fluctuations within the daily range. How can we resolve such conflicts?
If the daily chart is a point, then the weekly or monthly charts are high-precision scopes, viewing the market from the frontlines of the trend, rendering conflicts self-resolving.
Conflicts are the most troublesome issues in trading, but one can analyze the market from multiple timeframes and filter out noise and reverse trends.
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