(Sustained uptrend characterized by higher highs and higher lows). Stage 3: Distribution (Sideways movement after an uptrend). Stage 4: Decline (Sustained downtrend). Timeframe Hierarchies
Most traders fail because they fight the . Shannon advocates for a "top-down" approach to ensure your trade is supported by larger market forces. (Sustained uptrend characterized by higher highs and higher
Brian Shannon’s 2008 book, Technical Analysis Using Multiple Timeframes Technical Analysis Using Multiple Timeframes