Shannon advocates for a top-down analysis approach using three primary chart horizons: 1. The Macro Trend (Weekly & Daily Charts) Determines the overarching direction of the asset. Identifies major support and resistance zones.
Provides granular detail required for precise trade execution, stop placement, and risk management.
Brian Shannon is not an armchair theorist. He is a professional trader with over three decades of direct market experience, beginning his career as a retail stock broker in 1991 before transitioning to full-time trading just three years later. This hands-on experience gives his writing a practical, no-nonsense perspective that many find invaluable. He holds the Chartered Market Technician (CMT) designation and is the founder of AlphaTrends. He's also a respected media personality, having provided analysis for outlets like CNBC and Yahoo Finance.
(Is it above a rising 20-day Moving Average?) Shannon advocates for a top-down analysis approach using
Look for a stock whose price is securely trading above a rising 20-day EMA and a rising 50-day Moving Average. The daily chart must show a clear series of higher highs and higher lows. Step 2: Drop to the 65-Minute Chart to Find the Setup
By ensuring the execution chart aligns with the anchor chart, traders significantly increase their win rate. Trading a 5-minute breakout in the direction of a daily uptrend has a much higher probability of success than trading a breakout against it. The Core Teachings of Brian Shannon
[Insert link to PDF guide]
Technical analysis is a method of evaluating securities by analyzing statistical patterns and trends in their price movements. One of the key concepts in technical analysis is the use of multiple time frames to gain a more comprehensive understanding of market trends.
To help apply these concepts to your current trading strategy,
The upward momentum stalls. The asset enters a new sideways range as smart money begins taking profits and selling to late-coming retail traders. Volatility increases, and the asset frequently whipsaws across its moving averages across all timeframes. Stage 4: Markdown This hands-on experience gives his writing a practical,
The information provided in this article is for educational purposes only and should not be considered as investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
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This is an ideal environment for short sellers or staying in cash. Aligning Time Frames for High-Probability Setups or promoting pirated PDFs.
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