As I read through Shannon's book, I was struck by the simplicity and elegance of his approach. He argued that by analyzing multiple timeframes, traders could gain a more complete understanding of market trends and make more informed trading decisions.
Shannon is a pioneer in using the Anchored VWAP to identify the average price paid since a significant market event, such as an earnings report or a major price peak/trough. As I read through Shannon's book, I was
: Identifies the long-term trend and major support/resistance levels. Daily Chart As I read through Shannon's book