One may view the 15min chart and note the short squeeze, however, another may view it as nothing more than noise on the 4hr chart.
A short squeeze is relatively simplistic, many traders also refer to it as a “breakout.” Here’s a recent example on XAUUSD (Gold):
This is a short squeeze on the 1hr, however, as I mentioned it can be viewed differently based on which time frame you’re observing.
Discretionary Short Squeeze
In this specific example, someone watching that 1 hour time frame would probably consider that price action occurrence as a squeeze.
On this time frame, no such ‘short squeeze’ exists. In fact, it’s hard to say over this period in time whether we’re trending upwards of downwards. This could be down to the underlying strategy itself or the simple fact that they’re referencing different time frames.