What categorizes an intraday trend in technical analysis?

An intraday trend in technical analysis is characterized by trends that are observed over very brief time frames, typically measured in seconds or minutes. This focus on short-term price movements is essential for day traders and those who engage in high-frequency trading, as they seek to capitalize on small price changes within a single trading day. Intraday trends help traders make informed decisions by analyzing price action, volume, and other indicators during the trading session.

The other options represent longer time frames or different analytical approaches that do not fit the definition of an intraday trend. Trends lasting several months would be categorized as long-term trends, while day-to-day candles illustrate daily trends rather than the specific intraday focus. Long-term correlations typically involve extended time horizons and broader market analysis, which again, falls outside the parameters of intraday analysis.