Technical Analysis Using Multiple Timeframes Brian Shannon Page

Suggested Feature: "Technical Analysis — Multi-Timeframe (Brian Shannon)"

Goal: Add a multi-timeframe technical-analysis tool inspired by Brian Shannon’s approach (layered trend structure, high-probability trade selection, ATR-based stops, and market structure).

Step 2: Identify the Intermediate Timeframe (ITF) Setup

• Action: On the daily chart, look for a pullback or consolidation within the HTF trend. For an HTF uptrend, seek a daily pullback to support (e.g., 50-day MA, daily Anchored VWAP, or prior resistance turned support).
• Output: A defined risk zone where price is likely to resume the HTF trend.

The Setup: Two Timeframes, One Purpose

While some analysts use three or four timeframes, Shannon typically advocates for keeping it simple with two primary views: the Intermediate Term (for trend direction) and the Short Term (for entry timing). technical analysis using multiple timeframes brian shannon

• The Problem: The market is crashing, but a 5-minute chart shows a strong pop. A novice buys, hoping for a reversal.
• Shannon’s Fix: If the Daily chart is bearish, that 5-minute pop is just a short-covering rally—a trap. Ignore it. Wait for the short-term rally to fail and re-align with the Daily downtrend to short.

8. Psychological Edge of MTA

Shannon emphasizes that MTA reduces emotional trading: Action: On the daily chart, look for a

Critical Rule: Never take a trade based on a lower timeframe signal that contradicts the higher timeframe trend. The Setup: Two Timeframes, One Purpose While some

Refines the trend and helps identify current stages and moving average alignments. Intraday Charts (30, 15, or 5-minute):

Intraday (30m, 15m, 5m): Used to fine-tune entry and exit points and identify precise price action signals.