Technical Analysis Using Multiple Timeframes Brian Shannon Online

Once the weekly chart confirms a bullish bias, move down to the daily chart. Here, Shannon looks for the "Fallen Angel" or "Slingshot"—a stock that has pulled back to a logical support level (like the 50-day SMA or a previous resistance-turned-support) without breaking the weekly trend.

This is the only stage where you should be aggressively long. Stage 3: Distribution The uptrend stalls and price becomes volatile. technical analysis using multiple timeframes brian shannon

Technical analysis is often viewed as a puzzle where traders struggle to see the big picture because they are too focused on a single piece. Brian Shannon, an acclaimed analyst and author of the seminal book Technical Analysis Using Multiple Timeframes , revolutionized trading by teaching investors how to align these pieces. His core philosophy is simple yet profound: , and understanding how different cycles interact is the key to consistent profitability. Once the weekly chart confirms a bullish bias,

The monthly chart indicates a strong uptrend, with the stock price consistently making higher highs and higher lows. Stage 3: Distribution The uptrend stalls and price

Brian Shannon prescribes a strict, disciplined workflow:

The outer timeframes tell you what to trade. The inner timeframes tell you when to trade.