--- Technical Analysis Using Multiple Timeframes By Brian [best] Review
Here, Shannon looks for specific setups. If the macro trend is bullish, the intermediate timeframe might show a "pullback." Instead of buying at the top, the disciplined trader waits for price to dip into a value area, such as a previous resistance turned support, or a retest of a moving average.
Your profit targets are based on the higher timeframe’s range.
— Brian
Entering a "buy" signal on a 5-minute chart when the Daily chart is crashing into a major resistance zone. The higher timeframe always wins. Conclusion
"Trade in the direction of the higher timeframe, but enter on the lower timeframe." --- Technical Analysis Using Multiple Timeframes By Brian
Patience ends here. Precision begins.
To understand why multiple timeframe analysis is essential, one must first understand the failure of single-timeframe analysis. Here, Shannon looks for specific setups
If you have been trading for any length of time, you have felt the frustration. You look at a 15-minute chart, see a perfect breakout, and buy. Ten minutes later, the trade reverses and stops you out. Confused, you pull up the daily chart and realize—you were buying directly into a major resistance level.
Look for a "Change in Character." This might be a break of a short-term descending trendline or a specific candlestick pattern (like a Hammer or Bullish Engulfing) that signals the pullback is over and the primary trend is resuming. 3. Why This Method Works: The "Confluence" Factor — Brian Entering a "buy" signal on a