Wait for the shorter-term trend to turn back up to match the higher timeframe. How to Apply Shannon's Techniques (Actionable Strategy)
Master Market Structure: Technical Analysis Using Multiple Timeframes by Brian Shannon Wait for the shorter-term trend to turn back
Identifies the overall trend direction (Bullish, Bearish, or Neutral). Do not buy at the top
The hardcover version features over 145 full-colour charts and tables to illustrate concepts clearly. This is a confirmed bullish uptrend, characterized by
Do not buy at the top. Wait for the stock to pull back toward a lower-timeframe support area (e.g., a 10-day moving average or a previous resistance-turned-support level).
The asset breaks out above the resistance ceiling of the accumulation zone on heavy volume. This is a confirmed bullish uptrend, characterized by a series of higher highs and higher lows. The moving averages begin sloping sharply upward. Stage 3: Distribution
Technical Analysis Using Multiple Timeframes by Brian Shannon: A Comprehensive Guide