Open your Monthly chart. Draw the most obvious trendline. Note the closing price relative to the 20-month SMA. Action: If monthly is bullish, set your mental direction to LONG.
Identifies the trade setup, highlighting support and resistance levels. by brian shannon technical analysis using multiple link
A key contribution of the book is Shannon’s breakdown of the cyclical flow of capital into four distinct stages: Open your Monthly chart
Unlike simple moving averages, Shannon heavily utilizes . Standard VWAP resets daily; anchored VWAP starts from a significant event (e.g., an earnings gap, a major low, or a Federal Reserve announcement). This provides a dynamic line of institutional interest. Price above anchored VWAP suggests institutional accumulation; price below suggests distribution. Action: If monthly is bullish, set your mental
Traders transition to lower timeframes (15-minute and 5-minute charts) to filter out static noise, time highly exact entry triggers, and set tight, structural risk parameters. Technical Analysis Using Multiple Timeframes - Amazon.in
Clear downtrend defined by lower highs and lower lows. Price breaks below key support levels and trends under declining moving averages. 3. Aligning Technical Indicators Across Timeframes How I Started Using Multiple Timeframes - Alphatrends
By harmonizing these three views, traders can identify high-probability, low-risk opportunities where the short-term pullback aligns with the long-term trend. Key Technical Tools in Shannon’s Approach