Top-Down Analysis
Start with the bigger picture before refining the trade location.
Top-down analysis starts with the larger timeframe and works toward the execution chart. The higher timeframe shows context, the middle timeframe shows structure and key levels, and the lower timeframe helps time the entry.
For example, a daily chart may show price approaching resistance. The hourly chart may reveal a slowing trend into that level. The five-minute chart may then provide a sweep, failed breakout, or structure shift for execution. Each timeframe has a job.
The mistake is letting the smallest chart control the entire decision. A lower-timeframe long setup directly into major higher-timeframe resistance may have limited reward. Use the big picture to choose better locations, then use the small chart for precision.