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RE: Trading Steem with Fractals and Multi-Timeframe Strategies
Let me explain the chart to you and you will see where the entry was initiated and the point where the trade was exited was at the next fractal support level of the market. So you will have a broad picture of the market and you have to stay longer in the market compared to such people who use this hourly time frame for their analysis that is called short term traders.
Bearish Fractal on weekly timeframe: Looking at the screen shot below you will realize that a bearish fractal has been formed at the end of the upward movement refer to the arrow indicating that the trend is about to reverse in the opposite direction. Because it is weekly timeframe, the traders who use this method remain long in the market.