The higher timeframe serves as the anchor for all trading decisions. It tells you the overall direction of the market. Determine the primary trend (bullish or bearish). Typical Timeframes: Daily (D) or Weekly (W) charts.
Wait for a temporary dip within the larger uptrend. Look for a consolidation pattern (e.g., a "flag" or "wedge"). technical analysis using multiple timeframes brian shannon
If you are interested in applying these techniques, you can find more in-depth strategies in Brian Shannon’s book or explore AlphaTrends for real-time applications of these principles. If you're interested, I can also: Show you on recent charts Compare this method with other trend-following strategies Explain how to set stop-losses using this method Let me know how you'd like to narrow down the list . The higher timeframe serves as the anchor for
Identify the exact entry point and set a protective stop. Typical Timeframes: Daily (D) or Weekly (W) charts