He realized he had been trying to swim against the tide. By the time the sun rose, Liam had cleared the clutter off his screen. He didn't need twenty indicators; he needed to see the
Defines the overall market direction.
What he saw shocked him. For the past 10 weeks, $CORQ had been forming a massive ascending triangle—higher lows, flat resistance at $87.50. The weekly 20-period simple moving average (SMA) was sloping upward, and the volume on up weeks was 40% higher than on down weeks. Tide: bullish. He realized he had been trying to swim against the tide
The essence of Shannon's approach is analyzing the same asset across different periods—typically a weekly, daily, 30-minute, 15-minute, and five-minute chart—to see five timeframes at once.
In this paper, Brian Shannon, a well-known technical analyst, discusses the importance of using multiple time frames in technical analysis. He explains how to apply technical analysis techniques across different time frames to gain a more comprehensive understanding of market trends and make better trading decisions. What he saw shocked him
Price action turns volatile and flat. Higher highs stop forming as institutional selling meets retail buying. Market Sentiment: Euphoria transitioning into confusion.
If you're looking to refine your strategy further, I can help you: in specific scenarios. Tide: bullish
The central tenet of Brian Shannon's philosophy is that . While indicators are helpful, they are derivatives of price. Therefore, analyzing price behavior across different timeframes provides a holistic view of supply and demand.
Using multiple time frames aligns the probability edge of higher-time-frame trends with precise lower-time-frame entries. The discipline is: define HTF bias, confirm on ITF, trigger on LTF, and manage risk based on the chosen entry frame.
If you have digested the basics of the technical analysis using multiple time frame by brian shannon pdf top guide, here are three advanced takeaways that professionals use.