It is pretty clear to me when viewing this monthly chart. The bottom looks to be pretty clearly set, the monthly trend break out has occured.
https://www.investopedia.com/articles/trading/07/timeframes.asp
If you constantly look at daily or 15mins chart etc... you obviously are missing the bigger picture.
Also, it is pretty common knowledge that a daily chart perspective may influence the trader in a way the monthly chart does not (it might encourage them to trade more). I think taking all time frames into account is more logical.
May Chart, page-5777
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