Daily Dose
I am not a fan of multiple time frame analysis. Markets have no time frames. It produces a continuous stream of data from open to close. We chop it and chart it as per our own convenience. Candles and resultant patterns will differ as per the charting method.
This logic is not applicable to ‘Daily’ charts in respect of a day market. Here there is no question of chopping. They are for real and all the traders watch the very same levels.That is why levels like PDL,PDH and PDC attracts a lot of order flow. These are simply the High Low and Close of the previous day candle.
006.1 ▪️Daily Dose