A chart timeframe where each candlestick or bar represents one week of price data, showing the open, high, low, and close for that seven-day period. Weekly charts are used by swing traders and position traders to identify longer-term trends, key support and resistance levels, and broader market structure. They filter out much of the daily noise and provide a clearer picture of the dominant trend direction.
Example
“The weekly chart showed a series of higher lows over three months, confirming the uptrend that was difficult to see on the noisy daily timeframe.”