Technical Analysis Using Multiple Timeframes Brian Shannon ~upd~

Deep Report: Technical Analysis Using Multiple Timeframes – The Brian Shannon Method

1. Weekly: Uptrend intact (Higher lows). Bias = Bullish.
2. Daily: Pullback to the 50-day SMA (Support). Add to Watchlist, but do not buy yet.
3. Hourly: Price is making lower lows. VWAP is sloping down. Wait.
4. The Trigger: The next day, the hourly chart shows a "Bullish Engulfing" candle that closes above the Hourly VWAP. Entry: $130.50.
5. Stop Loss: Placed below the recent hourly swing low ($128).

Price is King

: Fundamental data can provide a backdrop, but price action is the final arbiter of truth. "Price action pays".

Distribution

: Sideways movement where positions are offloaded. Decline/Markdown : Sustained downtrend. technical analysis using multiple timeframes brian shannon

Identifies the primary trend and major long-term support/resistance levels. Daily Chart (Intermediate Trend): Weekly: Uptrend intact (Higher lows)