Used to identify the major trend and significant support or resistance levels.
He utilizes specific moving averages, such as the 5-day moving average , to determine short-term trend direction and potential reversals.
A sustained downtrend where short positions are favoured. Key Indicators and Tools Used to identify the major trend and significant
Brian Shannon’s acclaimed book, Technical Analysis Using Multiple Timeframes , is a foundational text for traders looking to understand market structure and improve their timing by aligning different time scales. The Core Philosophy of Multiple Timeframe Analysis
Price moves sideways again as "smart money" begins selling to latecomers, often forming topping patterns. Key Indicators and Tools Brian Shannon’s acclaimed book,
A sustained uptrend characterized by higher highs and higher lows. This is the most profitable stage for long positions.
Price moves sideways after a downtrend as institutional buyers build positions. This is the most profitable stage for long positions
This theory explores how periods of low volatility (the "squeeze") often precede high-volatility "releases" or breakouts. Practical Implementation
Focuses on the current market cycle stage—such as accumulation or markup—to determine the overall direction.