Meaningful Principle of seeking opportunities in the financial markets

To the well-seasoned market surfers, this is like a very simple rule of thumb. To the beginner, what does this entails?

Let us put a few things in a proper understanding about Waves. Prices move in trends and "they" drift like waves that we see in the ocean moving UP and DOWN BUT with one caveat that it CANNOT retreat backward like sea waves. This price WAVE can only move forward from LEFT to RIGHT continuously on the price (Y axis)  and time (X axis) over time. REMEMBER IT CANNOT move backward from RIGHT to LEFT on the ONE-Dimension chart.

The price will bounce UP and DOWN with ONLY forward thrust.

The next question is WHAT is the TIME FRAME that is used as ANCHOR.

In general this anchor time frame is considered to be RELIABLE trend change determination.

Depending on one's comfort zone, the anchor time frame can be DAILY or WEEKLY or even 4Hours.

The anchor TIME frame will decide one's intended holding period. If one intends to hold positions for months and weeks than the preferred chart time frame is WEEKLY. If one intends to hold for a week or less than probably 4H charts is preferred.

One has to back test and plot the charts to determine and decide which is suitable.