Technical Analysis Using Multiple Timeframes Brian Shannon 〈DIRECT ◆〉
Start with the Market (SPY/QQQ). Is the market trending up? If yes, look for longs. If no, stay in cash or short.
Lower timeframes (65-minute/10-minute) define the "waves." technical analysis using multiple timeframes brian shannon
Brian Shannon, a renowned trader, author of Technical Analysis Using Multiple Timeframes , and founder of AlphaTrends, has spent decades advocating for a single, transformative truth: Start with the Market (SPY/QQQ)
: A short-term rally on a 10-minute chart might look like a "buy," but if the daily chart shows a declining 200-day moving average, that rally is likely just a "dead cat bounce" to be shorted. The "Weight of Evidence" If no, stay in cash or short
By layering timeframes, you reduce market "noise" and increase your probability of success. You aren't just guessing where a stock might go; you are reading the collective psychology of the market and positioning yourself where the risk is smallest and the potential reward is greatest.