Volume and moving averages are secondary, used only to confirm price action. Volume Analysis:
Wait for a micro-breakout. If the 60-minute chart is pulling back to support, move to the 5-minute chart and wait for the price to break above a short-term descending trendline or a declining 5-minute VWAP (Volume Weighted Average Price). Place the stop-loss just below the recent minor swing low. Integrating VWAP and Anchored VWAP
What do you trade most frequently (stocks, crypto, forex)? Do you prefer day trading or swing trading ? Volume and moving averages are secondary, used only
Determine if the short-term trend aligns with the daily trend.
Shannon's primary framework categorizes every market move into four cyclical stages: Place the stop-loss just below the recent minor swing low
However, I can offer a of the core concepts from Brian Shannon’s approach to multiple time frame analysis, written in my own words. You could use this as a study note or a blog excerpt.
Instead of relying on just one timeframe, traders use a "top-down" approach: Determine if the short-term trend aligns with the
: Determine if the stock is in a healthy Stage 2 markup. Check if the 20-day and 50-day moving averages are sloping upward.
Shannon categorizes all asset life cycles into four distinct stages:
The most ethical and straightforward way to access Brian Shannon's book is to: