By Brian Shannon Technical Analysis Using Multiple Link
: Shannon advocates for a top-down approach. Traders should start with higher timeframes (e.g., weekly or daily) to identify the primary trend and major support/resistance levels, then "drill down" to shorter timeframes (e.g., 30-minute or 5-minute) to find precise, low-risk entry points.
Brian Shannon’s methodology is a blend of classic Dow Theory (trend following) and modern volume analysis (VWAP). The "link" in his work represents the critical connection between the macro view (Daily chart) and the micro view (Entry chart). by brian shannon technical analysis using multiple link
Technical analysis is predicated on the idea that price discounts everything. However, a trader analyzing a single 5-minute chart will see volatility, while a daily chart trader might miss intraday entry points. Brian Shannon bridges this gap by arguing that . His seminal work, Technical Analysis Using Multiple Timeframes (2008), introduces a hierarchical method of analysis: higher timeframes define the trend (the "tide"), intermediate timeframes identify pullbacks (the "waves"), and lower timeframes execute entries (the "ripples"). : Shannon advocates for a top-down approach
To practice you need specific software capabilities: The "link" in his work represents the critical
: Used to identify the current market cycle stage and intermediate-term trends. Intraday (30m, 15m, 5m)
: If a short-term chart signals a "buy" while the long-term chart is in a downtrend, the trade is generally avoided because the larger timeframe carries more weight. The Four Stages of Market Cycles