Let's have some fun.
- Opened Oct 3, 2009 | Never Closes | 26 Votes
Timeframe conversions 0 replies
Dislikedits not m1, m1 has these tiny candles, even with high volume
its not h1, h4, as there is no clear weekend gap, also no change in structure every 30 or 120 candles (mo, fr)
for daily or weekly, there is too less direction and too much ranging between S/R
so m5 left
edit: hm, after counting 24 candles, it could be h1 too, there seems to be recurrent action in 24 candle periods
but i guess, one can find arguments for and against every timeframe
we only see what supports our predetermined opinionIgnored
DislikedYes exactly. Thanks all for taking a jab at this. There were no right answers. As I said before there is a catch and if you look below you can see what the timeframe is on this chart.
The chart is actually two timeframes pasted together in a random fashion as to look seamless. The most interesting thing is that technically the chart still makes a good bit of sense, can this be explained?
I am sure many of us are relying on historical price levels to assist in future decisions, do we give history too much credit? History is certainly important...Ignored