Brian Shannon’s entire framework rests on a simple yet profound idea:
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Shannon breaks down every stock's lifecycle into four phases: (The bottoming process / sideways). In his methodology, VWAP is not just a
While the book covers classic tools like moving averages, volume analysis, and chart patterns, Brian Shannon is most famous for his masterful use of the . In his methodology, VWAP is not just a line on a chart; it is the "institutional truth." He teaches that VWAP provides an objective measure of what the average trader and institutions have paid for a specific equity over a given period.
In his second book, "Maximum Trading Gains with Anchored VWAP," Brian Shannon explores an advanced application of VWAP. Instead of starting at the beginning of the day, AVWAP allows the trader to anchor the calculation to any significant past event, such as an earnings report gap, a major high or low, or a breakout. AVWAP provides objective, absolute support and resistance levels that can be tracked for weeks or months after the anchor event.