Charting Basics — Step 3: Daily Confirmation & Identifying High-Probability Areas
This is Step 3 of the Charting Basics series, where we move into the daily timeframe to confirm — or invalidate — what we’ve identified on the higher timeframes.
At this stage, we’re still not rushing into trades. The daily chart is used to validate structure, refine expectations, and begin spotting areas where price action starts to matter more.
What we cover in this video:
  • Using the daily chart to confirm the monthly trend and weekly structure
  • Identifying daily swing highs and swing lows
  • Watching for signs that price is respecting or rejecting key weekly levels
  • Highlighting areas where potential entries may form
  • Separating meaningful price action from noise
This is where the analysis sharpens.We’re not executing yet — we’re gathering information, removing weak ideas, and narrowing focus.
The daily chart helps answer one key question:Is the higher-timeframe story still valid?
If it is, we prepare.If it isn’t, we adjust.
Confirmation before execution. Always.
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Gerald Mckoy
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Charting Basics — Step 3: Daily Confirmation & Identifying High-Probability Areas
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