We start using weekly timeframe, meaning each candle is compose of 1 week time.

Using weekly timeframe

Bearish bias in weekly time frame is confluence on the daily timeframe as the price breaks trend line and formed lower low.
4H Timeframe
4H Timeframe
ANOTHER EXAMPLE WHY TIMEFRAME CONFLUENCE IS IMPORTANT
WEEKLY TIMEFRAME

WEEKLY TIMEFRAME
WEEKLY TIMEFRAME
DAILY TIMEFRAME
NO SHORT SIGNAL

ANOTHER EXAMPLE in DAILY TIMEFRAME

Previous resistance turned support on a daily timeframe, back for retest of support. If you enter a trade simply because of
the bullish hammer candle, then you are simply assuming & guessing.
SWITCH TO 4HR TIMEFRAME

This the 4hr timeframe wherein the bullish hammer candle is formed. Here is it clear that there is not bullish price action to
go long position.
This is a clear moving downtrend. So if you buy (long) simply because the price reach historical S&R plus bullish hammer candle
then you are trading against the trend.
If you want to trade this pattern, better wait for bullish price action on the 4hr timeframe let the price create a higher high and
higher low then buy.

ANOTHER EXAMPLE in WEEKLY TIMEFRAME

Daily timeframe with falling wedges (bullish pattern) lower low lower high until breakout and formed new higher high
Confluence on the 4HR timeframe – enter at the break of the new higher high and set cut loss point below the trend line.
ANOTHER EXAMPLE WEEKLY TIMEFRAME
DAILY TIMEFRAME
4H TIMEFRAME

4H TIMEFRAME
4H TIMEFRAME

4H TIMEFRAME
ANOTHER EXAMPLE USING MONTHLY TIMEFRAME (VERY BIG TF PICTURE BUT WITH CLEAR STRUCTURE)

WEEKLY TIMEFRAME
descending triangle pattern breakout
DAILY TIMEFRAME

MONTHLY, WEEKLY & DAILY are ALL CONFLUENCE so we DON’T NEED to go to 4HR Timeframe.
ANOTHER EXAMPLE WEEKLY TF
DAILY TIMEFRAME
4HR TIMEFRAME
Reference:
www.wysetrade.com/courses/webinar-free-gift
https://events.genndi.com/replay/818182175026327090/b97ec8e6f7/0/158237580