Drop down to the 65-minute chart and observe the pullback. Look for the price to stabilize, form a clear horizontal resistance line or a "bull flag" pattern, and let volume dry up (indicating selling pressure is exhausting).
Brian Shannon’s "Technical Analysis Using Multiple Timeframes" provides a framework for analyzing market structure through four distinct stages—accumulation, markup, distribution, and markdown—using aligned timeframes. The methodology emphasizes the use of Anchored VWAP and volume analysis across weekly, daily, and intraday charts to identify high-probability setups, as detailed in Alphatrends . Amazon.com: Technical Analysis Using Multiple Timeframes
: Prices remain trapped below declining moving averages.
Finally, drop down to an Intraday timeframe (e.g., 15-minute or 30-minute chart). You are not looking to trade this timeframe, but to use it for timing. Wait for price to find support at the key level identified on the daily chart. Your trigger to enter the trade is a specific event, such as a bullish candlestick pattern or, most importantly, price reclaiming the VWAP after a period of trading below it. This action signals that selling pressure has abated and buyers are stepping in to push the price back above the "institutional truth" of the VWAP. Drop down to the 65-minute chart and observe the pullback
: Is there a low-risk pattern developing near an area of value? 3. The Execution Timeframe (The Trigger)
Used for precise entry and stop-loss placement (e.g., 5-minute or 15-minute chart). Example:
As the trade moves in your favor, trail your stop-loss higher behind key moving averages or structural higher lows on the intermediate time frame. Conclusion: Price Analysis is Objective The methodology emphasizes the use of Anchored VWAP
Technical Analysis Using Multiple Timeframes (2008), written by renowned trader and educator Brian Shannon, CMT , is considered a foundational text for intermediate and active traders. Shannon, the founder of Alphatrends.net, demystifies the chaotic nature of markets by introducing a structured, disciplined approach to analyzing price movements across different time horizons.
Brian Shannon continues to provide daily market analysis and educational content through Alphatrends , where he shares his framework for swing trading in real-time. Amazon.com: Technical Analysis Using Multiple Timeframes
High volatility sideways movement where big players begin to sell. You are not looking to trade this timeframe,
Shannon emphasizes that using multiple time frames is essential for traders to gain a complete understanding of market dynamics. By analyzing charts across different time frames, traders can identify trends, patterns, and relationships that may not be apparent on a single time frame. This approach helps traders to:
The book, first published in 2008 and re-released in a new edition in 2023, is a copyrighted work. You will find numerous websites on the internet claiming to offer the PDF for free. However, these are almost always . Many of these sites are also vectors for malware, spyware, and other online threats. Furthermore, the author's website explicitly states, "THERE IS NO KINDLE VERSION; ANY KINDLE COPY IS IN VIOLATION OF US COPYRIGHT". This serves as a strong indication that any free, non-physical version you find online is an unauthorized copy.
of a market cycle with live examples. Let me know which of these would be most helpful! Brian Shannon | Technical Analysis and Chart Reviews
Historical support and resistance levels on higher timeframes always take precedence over short-term indicators.
This helps to see at what price levels the most volume has traded, highlighting areas of high interest.
