Drawing from Market Profile, Shannon teaches that price seeks value. When price moves too far from the value area (high volume node) on a higher timeframe, the lower timeframe will often revert toward the mean before continuing the trend.
For bearish markets, reverse the logic:
Shannon’s methodology begins with rejecting the notion of a "perfect" single chart. He argues that looking at just a 5-minute chart is like looking at a single tree while ignoring the forest. His system relies on a three-tiered hierarchy: by brian shannon technical analysis using multiple link
: He advocates for checking a long-term chart (Weekly) to identify the major trend, a medium-term chart (Daily) for current market cycle identification, and shorter charts (30, 15, or 5-minute) to fine-tune entry points. Key Indicators : The methodology relies heavily on Price Action as the ultimate indicator, supported by Moving Averages VWAP (Volume Weighted Average Price) Review Highlights Reviewers from Seeking Alpha frequently cite several standout features of the work: Practicality Over Theory Drawing from Market Profile, Shannon teaches that price
Brian Shannon , CMT, is a veteran trader and author of the classic Technical Analysis Using Multiple Timeframes He argues that looking at just a 5-minute