Technical Analysis Using Multiple Timeframes Brian Shannon -

Brian Shannon prescribes a strict, disciplined workflow:

A moving average that is flat means the stock is ranging. A moving average that is steep (45 degrees or more) means the trend is strong. You must align your trades with the steepest timeframe.

: A sideways phase where savvy investors sell to late-arriving participants. technical analysis using multiple timeframes brian shannon

Finally, the trader analyzes the short-term hourly chart, which reveals a bullish breakout pattern.

: A period of sideways consolidation where professional money quietly enters positions. Brian Shannon prescribes a strict, disciplined workflow: A

| Month | Price | | --- | --- | | Jan | $50 | | Feb | $55 | | Mar | $60 | | ... | ... | | Dec | $100 |

Wait for the lower timeframe to confirm the move on the higher timeframe. For instance, if the daily chart shows a pullback to the 50-day MA, look for a "higher low" or a "breakout" on the 60-minute chart 1.2.2. 5. Summary of Benefits : A sideways phase where savvy investors sell

Traditional technical analysis typically involves analyzing a single timeframe, such as a daily or weekly chart, to identify trends, patterns, and potential trading opportunities. While this approach can be effective in identifying short-term trends and patterns, it often fails to consider the larger market context and potential long-term trends that may be emerging.

The intermediate timeframe helps identify the current trend within the context of the higher timeframe. It helps in spotting potential reversal areas or continuation patterns.

If you are interested in applying these techniques, you can find more in-depth strategies in Brian Shannon’s book or explore AlphaTrends for real-time applications of these principles. If you're interested, I can also: Show you on recent charts Compare this method with other trend-following strategies Explain how to set stop-losses using this method Let me know how you'd like to narrow down the list .

In his MTFA approach, he relies on: