If the daily chart shows an uptrend, focus exclusively on buying pullbacks on the 15-minute or 60-minute charts.
Trading with the trend requires a clear view of market structure across different market horizons. Brian Shannon’s book, Technical Analysis Using Multiple Timeframes , provides a definitive framework for understanding these market structures.
By combining these, a trader avoids the "noise" of short-term fluctuations while ensuring they aren't buying into a major overhead resistance level on a larger scale. Key Concepts Found in the Book
He frequently posts "Anchored VWAP" setups and trend analysis on X (formerly Twitter), providing a real-time masterclass in his methodology. If the daily chart shows an uptrend, focus
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By analyzing a market across these different lenses, traders can:
: Take profits; avoid adding to long positions. Stage 4: The Markdown Phase (Downtrend) By combining these, a trader avoids the "noise"
Learn to "listen to the message of the market" rather than trading on emotions.
: Price action becomes volatile and choppy at the top.
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Wait for a localized breakout or reversal pattern that aligns with both the intermediate and macro directions. The Four Stages of the Market Cycle
: Usually the 5-minute, 2-minute, or 1-minute chart. Purpose : Spots exact entry and exit points.