Daily chart

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«The most important thing in communication is hearing what isn't said.»
(Peter F. Drucker)

The daily chart is the most reactive chart of all multiday charts, but at the same time it is the one that gives the most false signals. This timeframe is used to have a closer look at breakouts on the weekly chart or to look for inversion patterns after some violent movements. On a long term analysis, the weekly chart is still a better solution if we want to analyze the main trend.

The daily chart shows the trend while direction and quality are forming, mutating and developing.

See also: