– Volatile, sideways action where big players sell to latecomers.
Use this checklist on your next trade:
Brian Shannon's book, "Technical Analysis Using Multiple Time Frames," is a well-known resource in the technical analysis community. The book focuses on the concept of using multiple time frames to analyze and trade financial markets.
The book provides a comprehensive guide to technical analysis using multiple time frames. Shannon explains how to use different time frames to identify trends, support and resistance levels, and potential trading opportunities. He also discusses how to combine multiple time frames to create a more accurate and complete picture of market conditions.
Conversely, when timeframes are conflicting (e.g., daily bullish but 4H bearish), Shannon recommends waiting. Either the daily will pull the 4H back up, or the 4H will reverse the daily. Only trade when they confirm.
: Used to identify the primary trend and major support or resistance levels.
– Volatile, sideways action where big players sell to latecomers.
Use this checklist on your next trade:
Brian Shannon's book, "Technical Analysis Using Multiple Time Frames," is a well-known resource in the technical analysis community. The book focuses on the concept of using multiple time frames to analyze and trade financial markets.
The book provides a comprehensive guide to technical analysis using multiple time frames. Shannon explains how to use different time frames to identify trends, support and resistance levels, and potential trading opportunities. He also discusses how to combine multiple time frames to create a more accurate and complete picture of market conditions.
Conversely, when timeframes are conflicting (e.g., daily bullish but 4H bearish), Shannon recommends waiting. Either the daily will pull the 4H back up, or the 4H will reverse the daily. Only trade when they confirm.
: Used to identify the primary trend and major support or resistance levels.
