If the catalyst that prompted the trader to enter a short position may require time to play out, then a short -
term trading timeframe does not make sense.
However, we have modified the rules slightly so that it is more focused on a shorter -
term trading timeframe.
Not exact matches
Although the daily chart is useful for seeing short -
term trends,
trade setups on the monthly
timeframe can be more explosive, especially when they align with bullish price action on the weekly and daily chart intervals.
Timeframe: The SPA3 system that I designed during the 1990's and released for commercial use in 1998 is a medium
term approach for
trading equities on the ASX, JSE and NASDAQ (and CFDs on the ASX).
BTC / USD is currently
trading at $ 8,623 with downside bias both on the intraday level and on longer -
term timeframes.
BTC / USD is
trading around $ 9,000 pivot with no clear downside bias visible either on intraday or long -
term timeframes.