Technical Analysis Using Multiple Timeframes Pdf

Look for RSI divergence on the Daily chart (major trend slowdown) and then zoom down to the 1H chart to find the same divergence. This "stacked divergence" increases the probability of a significant reversal by 300% (based on back-tested data).

Trading a 15m chart without checking the 4H is like driving looking only 10ft ahead of your car. 🚗💥 technical analysis using multiple timeframes pdf

: Defines the primary trend and major support/resistance levels. Look for RSI divergence on the Daily chart