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Focus exclusively on buying dips or trading bullish breakouts. Stage 3: Distribution (The Topping Phase)
Price chops sideways; volatility contracts; volume dries up. Moving Averages: The 200-day moving average flattens out.
Drop down to the Daily chart . Confirm that the daily timeframe is also in Stage 2. Look for a stock in a clear markup phase. Now, instead of buying at the high, you are looking for a pullback within the uptrend. The ideal scenario is a pullback to a key level, such as the AVWAP or the 5-day or 20-day moving average. This is the potential low-risk entry zone.
After a long downtrend, the asset stops making lower lows and begins moving sideways.
Shannon emphasizes that "only price pays." He cautions against getting married to a fundamental story or an indicator if the price action contradicts it. His rules for execution are strict:
Brian Shannon's approach categorizes these trends into three primary horizons:
Technical Analysis Using Multiple Time Frame By Brian Shannonpdf Full ~upd~ ●
This public link is valid for 7 days and shares a thread, including any personal information you added. This link or copies made by others cannot be deleted. If you share with third parties, their policies apply. Can’t copy the link right now. Try again later.
Focus exclusively on buying dips or trading bullish breakouts. Stage 3: Distribution (The Topping Phase) This public link is valid for 7 days
Price chops sideways; volatility contracts; volume dries up. Moving Averages: The 200-day moving average flattens out. Can’t copy the link right now
Drop down to the Daily chart . Confirm that the daily timeframe is also in Stage 2. Look for a stock in a clear markup phase. Now, instead of buying at the high, you are looking for a pullback within the uptrend. The ideal scenario is a pullback to a key level, such as the AVWAP or the 5-day or 20-day moving average. This is the potential low-risk entry zone. Stage 3: Distribution (The Topping Phase) Price chops
After a long downtrend, the asset stops making lower lows and begins moving sideways.
Shannon emphasizes that "only price pays." He cautions against getting married to a fundamental story or an indicator if the price action contradicts it. His rules for execution are strict:
Brian Shannon's approach categorizes these trends into three primary horizons: