Deliverables for implementation
Identifying where key support and resistance levels lie across different market participants (from day traders to institutional asset managers). The Three-Tier Timeframe Framework technical analysis using multiple timeframes brian shannon
Is the stock pulling back to a key moving average? He refers to it as the "Institutional Truth"
VWAP is Shannon's primary indicator because it accounts for both price and volume simultaneously. He refers to it as the "Institutional Truth" because it represents the true average price at which a stock has traded during a specific session. If you are looking to build a concrete
Suppose a trader wants to analyze the stock of a popular technology company, currently trading at $100. The trader begins by analyzing the long-term monthly chart, which reveals a bullish trend with a clear uptrend line.
If you are looking to build a concrete trading plan using these multi-timeframe principles, tell me:
This is the execution chart (e.g., 15-minute or 5-minute). Once the higher and intermediate timeframes are aligned, the trader uses the lower timeframe to find precise entries with minimal risk. Shannon warns against using the lower timeframe to predict direction; rather, it is a tool for timing.