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Price trades below declining moving averages.
: He is a pioneer in using the Volume Weighted Average Price (VWAP) anchored to specific turning points to identify support and resistance.
In his seminar book, Technical Analysis Using Multiple Timeframes , acclaimed market technician Brian Shannon establishes a core market truth:
Avoid aggressive long positions; wait for a breakout. Stage 2: Markup (The Bull Market) Price trades below declining moving averages
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If you have ever felt frustrated by the conflicting signals on your charts or found yourself entering a "good-looking" trade only to watch it instantly reverse, the solution almost certainly lies in your current failure to incorporate a higher timeframe context. Shannon’s work provides the blueprint to correct this error permanently. The multi-timeframe approach is not merely a strategy; it is a professional discipline that forms the bedrock of all successful trading.
Take these free lessons. Practice on a demo account. Apply the 3-pillar framework. Then, if you want the full depth (including anchored VWAP, market structure breaks, and advanced entries), buy or borrow the real book. It will pay for itself in your first well-timed trade. Stage 2: Markup (The Bull Market) This public
Disclaimer: This essay is for educational purposes only. Copyright laws protect intellectual property, and downloading pirated books is illegal. Readers are encouraged to purchase legitimate copies of financial literature to support authors and ensure they receive accurate, high-quality information.
VWAP calculates the average price an asset traded at throughout the day, based on both volume and price. It acts as the ultimate benchmark for intra-day trend direction. Anchored VWAP (AVWAP)
If you need a one-page cheat sheet of Shannon’s MTF rules (original content, not copied from the book), reply below, and I can provide a completely original summary table for personal use only. Can’t copy the link right now
Used to fine-tune entry prices, manage risk, and set precise stop-loss orders. This is typically the 5-minute or 2-minute chart. 2. Brian Shannon’s Four Market Stages
If you check all boxes, your trade has institutional alignment. If you miss 3 or more, sit on your hands.
A micro breakout in a macro downtrend is just a bear-market trap.
You trade in the direction of the dominant market trend.
Technical analysis using multiple time frames is a powerful approach to evaluating securities. Brian Shannon's methodology, which involves analyzing three to four time frames, provides a comprehensive framework for understanding a security's trend and potential future movements. By downloading a free PDF of his book, traders and investors can gain a deeper understanding of multiple time frame analysis and improve their trading and investment decisions.