Traders generally categorize charts into three distinct horizons based on their holding period:
Often the 60-minute, 15-minute, or 5-minute chart. This frame is used only for precise entry, stop-loss placement, and initial trade management. Shannon is adamant that the short-term chart must never dictate the trade direction. Instead, it serves as a tactical tool to enter in the direction of the higher time frames at the most advantageous price. Instead, it serves as a tactical tool to
Shannon’s core philosophy is simple: . By looking at a stock through different "levels of magnification," you can stop guessing and start trading with the trend. 1. The Power of Multiple Timeframe Alignment Instead, it serves as a tactical tool to
Price chops sideways; volatility contracts; volume dries up. Moving Averages: The 200-day moving average flattens out. Instead, it serves as a tactical tool to
: A sustained downtrend where short positions are favored. Price remains below falling moving averages. The Strategy of Multiple Timeframe Analysis