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happy trading 

Mr Phil Newton or on LinkedIn Phil Newton trader

Patterns and different time charts

macman's picture


Something conceptual that I am not quite sure of is the use of different time frame charts.  I know that this is discussed a fair bit.  What I am specifically concerned with is whether something will show up as a particular pattern on one chart and not the other and whether this means that you should move around between the charts to find what you are looking for or whether you should avoid doing this.  Eg, will a hh - hl - hh - hl - hh on a 5 minute chart still show up on a 15 minute chart?  Obviously, three of the bars would be one in the larger time frame but, given that the chart is reflecting a market sentiment, would we still expect it to be supported by looking at other charts, even if not with the exact same pattern?