The monthly chart sets the trend...so you would look to the weekly to see if it is going or not going with the flow of the trend...you use the daily to see if it is flowing with the weekly.

If you look at the monthly chart you can see how it is up against resistance...if the weekly is so close to the action and that we have an outside bar that was broken to the upside, it could trip the monthly over the resistance taking up towards the next pivot created in October...It is there you would look for a reaction for a move to the downside. If it clears the pivot in Oct. then you may have an extended break out and will test the down-sloper.

Monthly sets the trend...

Spike