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While many traders use 60-minute charts, Shannon advocates using a 65-minute timeframe. Since the US stock market is open for 390 minutes, 65-minute charts divide the day into six equal, distinct trading periods, offering a truer picture of the day's price action compared to 60-minute charts. 4. Volume-Weighted Average Price (VWAP)
Higher highs and higher lows. This is the buying zone.
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The book utilizes moving averages (specifically the 20 and 50-period EMAs) not just as support/resistance, but as indicators of trend strength based on their slope. A steep slope indicates a strong trend; a flat slope indicates a range-bound market.
– The support floors of Stage 3 are breached, and the stock cascades lower. Short-sellers find their edge here, and long traders should aggressively stay on the sidelines.
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Used to fine-tune entry and exit points and manage risk with tight stop-losses. The Four Stages of Market Cycles Since the US stock market is open for
Brian Shannon's work stands as a modern classic in technical analysis, not for its complexity, but for its profound clarity. It teaches a simple but effective truth: the single greatest edge available to any trader is to align their trades with the path of least resistance by understanding the confluence of multiple timeframes.
One of the foundational frameworks Shannon presents is the four stages that stocks and markets cycle through. Understanding these stages is critical for determining whether a market is in a tradable condition:
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In practice, Shannon typically looks at a progression of charts simultaneously to maintain full situational awareness: Weekly Chart: This is the buying zone
A foundational pillar of Shannon's methodology is recognizing that all financial assets move through four distinct structural stages. Identifying the stage on a higher timeframe tells you exactly how to behave on the lower timeframe. Stage 1: Accumulation (The Bottom)
Used for finding potential support/resistance.
The asset bottoms out and moves sideways as positions are built.
What or asset you are currently watching?