Technical Analysis Using Multiple Time Frame By Brian Shannon.pdf

Brian Shannon’s Technical Analysis Using Multiple Timeframes

A Practical Example (From the PDF)

Rule #2: Moving Averages are "Dynamic Support/Resistance" One of Shannon’s most famous contributions is how he uses moving averages (specifically the 8, 20, and 50-period SMAs/EMAs) across timeframes. Step 1 (Scan): Pull up your watchlist on the Daily Chart

Brian Shannon’s "Technical Analysis Using Multiple Timeframes" offers a framework for market analysis by aligning trends across different time horizons to improve trade success and risk management. The methodology utilizes a top-down approach, tracking market cycles through accumulation, markup, distribution, and decline, often leveraging Anchored VWAP (AVWAP) for identifying significant support and resistance. For a detailed review, see the analysis at Seeking Alpha. Amazon.com: Technical Analysis Using Multiple Timeframes if the Daily is bullish

The Benefits of Multiple Time Frame Analysis tracking market cycles through accumulation

  1. Step 1 (Scan): Pull up your watchlist on the Daily Chart. Mark support, resistance, and the overall trend direction. Are we in an uptrend or downtrend?
  2. Step 2 (Zoom In): Drop to the 60-Minute Chart. Look for setups that align with the Daily trend. For example, if the Daily is bullish, look for a bullish flag pattern or a pullback to support on the 60-minute chart.
  3. Step 3 (Trigger): Drop to the 5 or 15-Minute Chart. Wait for a bullish candlestick pattern (like a hammer or a breakout of a micro-range) to trigger the entry.
  4. Step 4 (Manage): Place your stop loss based on the logic of the 5-minute chart, but manage your profit target based on the resistance levels found on the 60-minute or Daily chart.

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