If the Daily chart is in an uptrend, the trader waits for the 60-minute chart to pull back (create a dip), and then uses the 5-minute chart to enter when momentum turns back up. This links the three perspectives into one cohesive trade.
– A sideways period where big players begin to sell. by brian shannon technical analysis using multiple link
His work teaches that technical analysis is not about prediction, but about assessing probability. The use of AVWAP remains one of his most significant practical contributions, offering traders a clear mechanism to identify institutional positioning. If the Daily chart is in an uptrend,
The book's central thesis is that the market moves in a cyclical flow, and a trader's edge comes from recognizing which "stage" a stock is in across multiple timeframes. The Four Stages of Market Cycles : Shannon breaks market action into four distinct phases: Accumulation (sideways), (uptrend), Distribution (topping), and (downtrend). Trend Alignment His work teaches that technical analysis is not