Technical Analysis Using Multiple Timeframes Brian: Shannon

Shannon argues that the most explosive and reliable moves occur when multiple groups of market participants—from scalpers on 1-minute charts to institutional "big money" on daily charts—are all in agreement. Confirmation over Contradiction

Creating a for your multi-timeframe trade entries. technical analysis using multiple timeframes brian shannon

AI responses may include mistakes. For financial advice, consult a professional. Learn more Amazon.com: Technical Analysis Using Multiple Timeframes Shannon argues that the most explosive and reliable

Before you buy one share, you must zoom out. Ask the following questions on the highest timeframe: For financial advice, consult a professional

The weekly chart indicates a short-term consolidation pattern, with the stock price oscillating between $95 and $100.

Shannon’s approach involves looking at larger timeframes to understand the major trend and then drilling down for precision. He typically watches five timeframes simultaneously to see their interplay.

By analyzing multiple timeframes, the trader gains a more comprehensive understanding of the market trend and potential trading opportunities. In this case, the trader may consider buying the stock based on the bullish breakout pattern on the hourly chart, while also considering the longer-term bullish trend on the monthly chart.