$Alphabet(GOOGL.US) 65 min. Why 65min? 6 equal periods in a trading day. If you use the H1 or the 60 min there are 7 candles one is a 30 min and the rest are 60 min in each day of trading. Note I marked the same base as the daily. Also note the gaps - orange dotted lines. See the deeply oversold RSI and MACD at the lows of the base. 2 gap ups and back to top of base with overbought conditions, the $300 roll psych level and a temp top. Basing is needed intraday to unwind. Basing is good and back tests are common and helps unwind the indicators. Learn to love basing and keep it in mind when setting stops. Unwinding came happen thru price or time. As you can see 65 mins can happen rather quick a day or two .
Source: Sunrise Trader
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