Bullish trend
Lesson for today
Let's break it down:
- A daily chart shows the big picture, like a country on the map.
- A correction within a trend on the daily chart is like a smaller trip (a city) inside the bigger journey (the trend).
- Now, if you zoom in to a shorter time frame (like a 4-hour or 1-hour chart), you'll see that this smaller trip (correction) is actually a trend in its own right!
- This means that the correction on the daily chart is made up of its own smaller movements and corrections, which form a trend on the shorter time frame.
So, a correction on a bigger time frame (daily) becomes a trend on a smaller time frame (4-hour or 1-hour). It's like zooming in on a city on the map and seeing its own streets and neighborhoods!
This is why looking at multiple time frames helps you understand the price movements better. You see the big picture and the smaller details, and how they fit together!
Let's break it down:
- A daily chart shows the big picture, like a country on the map.
- A correction within a trend on the daily chart is like a smaller trip (a city) inside the bigger journey (the trend).
- Now, if you zoom in to a shorter time frame (like a 4-hour or 1-hour chart), you'll see that this smaller trip (correction) is actually a trend in its own right!
- This means that the correction on the daily chart is made up of its own smaller movements and corrections, which form a trend on the shorter time frame.
So, a correction on a bigger time frame (daily) becomes a trend on a smaller time frame (4-hour or 1-hour). It's like zooming in on a city on the map and seeing its own streets and neighborhoods!
This is why looking at multiple time frames helps you understand the price movements better. You see the big picture and the smaller details, and how they fit together!
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