#THREAD
Almost every colleague I worked with had one chart open on their Bloomberg terminals.
They were reading fundamental research requiring quarterly basis action but their charts were daily scale and sometimes even intraday. (1)
Your time frame of research/decision making should match the time period of your charts.
If you are running a portfolio and focusing on trends of several months duration, your charts should be weekly & monthly. (2)
Trends of this magnitude can only be captured on long-term charts given that you haven't depleted your patience capital on daily and intraday price charts.
Pick your time frame, make peace with it and stick to it.
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Chart patterns are confirmed when they are mature. It is usually difficult to understand at what level the pattern is mature. For me this is with several tests of pattern boundary.
First reversal signal on $BTC was covered with this setup.
Rising wedge breakdown was followed by a rebound which formed the right shoulder of a H&S top. The correction towards 30K was covered with this chart pattern setup.
Let the market give clues to the direction of the trend. We don't want to predict.