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: Shannon is a pioneer of this tool, using it to identify price levels where market psychology is "anchored" to significant events or news. AI responses may include mistakes
You can find more information on this topic in Brian Shannon's book "Technical Analysis Using Multiple Time Frames" which you can find on various online platforms. You can find more information on this topic
Brian Shannon’s "Technical Analysis Using Multiple Timeframes" provides a foundational, top-down trading approach focused on aligning trends across weekly, daily, and intraday charts. The methodology emphasizes the four market stages—accumulation, markup, distribution, and decline—utilizing price action, volume, and Anchored VWAP to guide trading decisions. For an overview of the strategy and access to related study materials, visit Alphatrends . For an overview of the strategy and access
By comparing and contrasting the analysis of the daily, weekly, and 4-hour charts, we gain a more complete understanding of market trends and patterns. We see that the price is in a long-term bullish trend (weekly chart), a medium-term bullish trend (daily chart), and a short-term bullish trend (4-hour chart). We also identify potential areas of support and resistance, which can be used to set stop-loss levels and manage risk.