If you tell me the 15-minute chart shows a bearish divergence, I'll probably tell you I don't give a shit. This thread will teach you why.
Understanding timeframes is crucial in trading and technical analysis.
I'll teach you what they are, how they work and their use.
Usual disclaimer, this thread is simply my personal understanding of timeframes and their use, not a globally agreed-upon thing.
This information does not constitute financial advice. You know the drill. Let's get into it.
Some abbreviations
LTF = Lower timeframe
HTF = Higher timeframe
S/R = Support & Resistance
PA = Price Action
Timeframes refer to how much time a single candlestick represents on a chart. There are timeframes all the way from a single second to multiple years.
The 1-hour timeframe consists of 4 15-minute candles, or 60 1-minute candles.
This is why if you're trading the 4h chart, you don't care much about a 1-minute bearish divergence. The movements on much lower timeframes take place much faster than on higher timeframes.