A seminal work in this field is by acclaimed trader and market analyst Brian Shannon . This book has become a must-read for equity, forex, and cryptocurrency traders alike.
Move stop-losses to break-even once the initial profit target is met.
: Move to an intermediate chart (like the 65-minute chart). Wait for a low-risk setup, such as a pullback to a rising 20-period moving average or a test of prior resistance turned support. A seminal work in this field is by
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One rainy Tuesday, he found himself in a dusty corner of a forum, staring at a cryptic thread titled: The 57th Page Revelation. : Move to an intermediate chart (like the 65-minute chart)
Stage 2: Markup (Bull Market) /\ / \ / \ Stage 3: Distribution (Top) / \________ / \ ________/ \ Stage 4: Markdown (Bear Market) Stage 1: Accumulation \ (Base Building) \_______ 1. Accumulation (Stage 1) Price moves sideways after a prolonged decline. Moving averages flatten out and intertwine. Buyers quietly absorb supply from frustrated sellers. 2. Markup (Stage 2) Price breaks out above resistance with high volume. The asset makes a series of higher highs and higher lows. Moving averages slope upward in a clear bullish alignment. 3. Distribution (Stage 3) Momentum slows and price moves sideways again. Volatility increases as institutional players take profits.
Shannon's approach emphasizes that no single timeframe tells the whole story. By combining long-term, medium-term, and short-term views, traders can avoid market noise and align themselves with institutional money. 1. The Four Market Stages Security and Legal Risks One rainy Tuesday, he
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The central premise of Shannon’s methodology is that every market move is part of a larger structural cycle. He breaks these into four distinct stages: Accumulation: The period where institutional buying stabilizes price. The primary uptrend phase. Distribution:
Brian Shannon’s Technical Analysis Using Multiple Timeframes remains a masterpiece because it strips away market noise and focuses on what truly matters: price trend, volume, market structure, and risk mitigation. By understanding how the market cycles through the four stages and learning to harmonize multiple chart intervals, traders can significantly increase their win rates and protect their capital.