Technical Analysis Using Multiple Time Frame By Brian Shannon.pdf

Shannon advocates that . The longer the timeframe, the more significant the support and resistance levels. Short-term timeframes (such as 5 or 15 minutes) merely “serve” the larger trend.

You now have a trade where:

Disclaimer: This article is for educational purposes only. Trading involves risk of loss. Always conduct your own research. Shannon advocates that

Shannon suggests a between timeframes. For example: Shannon advocates that

Always start with the higher timeframe. As he famously says: “The trend on the higher timeframe will eventually eat up the lower timeframe.” A 15-minute rally in a daily downtrend is a shorting opportunity, not a buying one. Shannon advocates that

By following the principles outlined in this article, traders can improve their technical analysis skills and become more successful in the markets.