"Not sure how that applies for lower time frames."
Price is the same and moves the same on all time frames relative to the same point in time. In other words, from the daily open, price is up/down the same no matter what chart period you are looking at.
http://i44.tinypic.com/4vnxnn.gif
http://i43.tinypic.com/2nr398i.gif
Price is the same and moves the same on all time frames relative to the same point in time. In other words, from the daily open, price is up/down the same no matter what chart period you are looking at.
http://i44.tinypic.com/4vnxnn.gif
http://i43.tinypic.com/2nr398i.gif
TRO