Would you like a summary of the from the legitimate book instead?
Usually the daily or four-hour chart. This frame provides the trading bias and identifies areas of support and resistance, anchored VWAP (Volume-Weighted Average Price), and moving averages. Shannon emphasizes that the intermediate frame reveals where price is likely to find buyers or sellers after a pullback. For example, in an uptrend, the intermediate frame shows whether the current pullback is a healthy retracement to a rising 20-day moving average or a potential trend reversal. Would you like a summary of the from
In this example, we have confluence between the dominant and supporting time frames, indicating a potential buying opportunity. Shannon emphasizes that the intermediate frame reveals where
So, how can traders apply multiple time frame analysis in their own trading? Shannon's book provides a step-by-step guide, but here are some key principles to get started: So, how can traders apply multiple time frame
Most amateur traders make the mistake of looking at a single time frame (usually the one they are executing trades on). Brian Shannon argues that this is like trying to drive a car looking only at the hood ornament—you have no idea where the road is going.