5M is too small for most people, however, it provides important signals that bigger time frames does not.
LTCUSD has formed two shoulders yesterday, which are indicated on 5M time frame by "9 Seasons Rainbow Indicator PRO".
These OverBought (Yellow) signals helped me stop manually the long trade in Breakeven.
See the 5m Snapshot in the update underneath if it...
As we see, price formed a high (left shoulder)
The correction was pretty tough, went back nearly all the way (first weak signal that SHS might be forming)
the next high could not get much higher (head)
the correction was very tough again and went back to the level of the former correction,
The next high (right shoulder) could not go higher than the second (head),...