Which Setups Does the Weekly Chart Allow?

A weekly downtrend is cancelled by a weekly close above 66,000. On Wednesday the daily chart closes at 66,300. Is the downtrend cancelled?

• Yes, price closed above the level
• Not yet; a daily close is a warning, and the weekly close decides
• Yes, if the 4-hour chart also closed above it

Why does this course limit you to two timeframes?

• Because three or more timeframes are mathematically unreliable
• Because every extra timeframe offers a new pattern that can excuse ignoring the one above
• Because venues only show two timeframes at once