Zoom into the 65-minute chart to evaluate the last 2 to 3 weeks of price action. Look for a low-risk pattern. If the daily chart is in an uptrend, you want to see the 65-minute chart experiencing a orderly, low-volume pullback to a key support level or an AVWAP line. Step 3: Wait for the Micro Trigger (5-Minute Chart)
Brian Shannon's approach to technical analysis using multiple time frames provides a comprehensive framework for understanding market trends and making informed trading decisions. By analyzing charts across different time frames, traders can improve trend identification, enhance trading decisions, and increase trading accuracy. Zoom into the 65-minute chart to evaluate the
Used to establish market structure, support/resistance levels, and directional bias. Step 3: Wait for the Micro Trigger (5-Minute
Shannon is also a highly respected . His classic book, Technical Analysis Using Multiple Timeframes , first published in 2008, is celebrated for demystifying complex concepts for beginning and intermediate traders. He has since followed up with Maximum Trading Gains with Anchored VWAP , building on his foundational work. His influence is so significant that Howard Lindzon, in the book The StockTwits Edge , noted that many successful traders credit Brian as their primary mentor. Shannon is also a highly respected
Before diving into the methodology, it's important to understand the person behind it. Brian Shannon is not just a theorist; he is a with decades of real-world experience. After a successful career as a stockbroker and lead trader, he founded Alphatrends in 2006. His expertise is formally recognized by his Chartered Market Technician (CMT) designation, a professional certification that underscores his deep commitment to the field.
Finally, Marco opened the . This was the ripple. He watched as price tested the $85.20 level three times, each bounce coming off the 20-period EMA. On the fourth touch, a bullish engulfing candle closed above the EMA, accompanied by a spike in volume.