Technical Analysis Using Multiple Time Frame By Brian Shannonpdf Top [verified]

Brian Shannon’s "Technical Analysis Using Multiple Timeframes" (2008) provides a framework for aligning trading decisions with price action, market structure, and trend analysis across short-term, intermediate, and long-term charts. The text outlines a systematic approach using the four stages of market trends and the Anchored Volume Weighted Average Price (VWAP) to manage risk and identify high-probability entries. For a direct look at the methodology, you can view the document at Scribd. Technical Analysis Using Multiple Timeframes - Amazon UK

Conclusion: Why This Remains the "Top" Method

The financial markets have changed drastically with algorithms and high-frequency trading, yet Brian Shannon’s Technical Analysis Using Multiple Time Frames remains a "top" resource because it focuses on human psychology. Look at 60-min or 15-min chart – Wait

. You want to see the bigger picture (weekly/daily) supporting your trade on the smaller picture (30-minute/5-minute). Identify the Trend Stage 2: Markup: A sustained uptrend with higher

The Ethical "Top" Approach:

Step 3: Lower Time Frame (LTF) – Wait for the “Trigger”

  • Look at 60-min or 15-min chart – Wait for price to show absorption (stops falling) and then a higher low or a move back above a falling trendline.
  • Entry signal: A 60-min candle close above a short-term moving average (e.g., 10 or 20 period) after the pullback.
  • Stop loss: Place just below the recent swing low on the 60-min chart (not the daily).

Stage 2: Markup: A sustained uptrend with higher highs and higher lows. This is the primary profit zone for long positions. and trend analysis across short-term

Practical Example: Long Setup

  1. Weekly: Price above rising 20 SMA → Uptrend confirmed.
  2. Daily: Price pulls back to touch the 50 SMA → Potential value area.
  3. 60-min: Price forms a bullish divergence on RSI (14) and then breaks above the 20-period SMA → Buy signal.
  4. Stop loss: Below the 60-min low just prior to the breakout.
  5. Initial target: Previous daily high or measured move.