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The model can appear on any timeframe, but the following timeframes are generally used:
Common Timeframes
1. *Short Timeframe*: 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour.
2. *Medium Timeframe*: 4 hours, daily, weekly.
3. *Long Timeframe*: monthly, quarterly, annual.
Choosing the Right Timeframe
1. *Day Traders*: Prefer short timeframes, such as 1 minute, 5 minutes, 15 minutes.
2. *Medium-term Traders*: Prefer medium timeframes, such as 4 hours, daily, weekly.
3. *Long-term Investors*: Prefer long timeframes, such as monthly, quarterly, annual.
Factors Affecting Timeframe Choice
1. *Trading Goals*: The timeframe should align with trading goals, whether short-term or long-term.
2. *Trading Strategy*: The timeframe should align with the trading strategy, whether it relies on technical or fundamental analysis.
3. *Available Time*: The timeframe should align with the time available for the trader, whether they have enough time to monitor the market or not.