You are right bro.
But TA was made using daily, and to this purpose only.
In the shared hourly chart is missing a lot more than that.
😉
Discussion
On my chart that level and that trend are what I call master lines. That is I can find them on the weekly. I am a fan of Fibonacci, pun intended.
Not my working chart, but illustrates the power of fibs looking at the past bear and bull runs…