It’s important when trading to view multiple time frames, and not just sit on a daily, 5 minute or a hour chart alone. This is most important when swing-trading, as what is support on the daily chart can sometimes be resistance on the weekly or hourly chart.
That means the ideal trade setups occurs when all the time frames match up perfectly.
Case in point… Let’s take Internet Paper (IP). I want to look at the daily chart first…