Link: Technical Analysis Using Multiple Time Frame By Brian Shannonpdf
The bustling floor of the New York Stock Exchange was a physical manifestation of chaos, but for Brian Shannon, the real battle was fought on the screens in front of him. He wasn't looking at the noise; he was looking for the structure. He was looking for the truth hidden within the candles.
– A peaking phase where the price moves sideways as smart money exits. Stage 4: Decline The bustling floor of the New York Stock
Benefits of Using Multiple Time Frames
- Choose the markets or securities you want to analyze.
- Select the time frames you want to use (e.g., monthly, weekly, daily, and intraday charts).
- Analyze the longest time frame (e.g., monthly chart) to identify the dominant trend.
- Drill down to shorter time frames (e.g., weekly, daily, and intraday charts) to confirm the trend and identify areas of support and resistance.
- Use the insights from multiple time frame analysis to inform your trading decisions and manage risk.