Technical Analysis Using Multiple Timeframes Brian Shannon Patched

– The market is flat or "basing" after a decline. Buyers and sellers are in equilibrium. Stage 2: Markup

This discipline forces patience. Most traders lose money because they are "right on the trend but wrong on the timing" (entering too early) or "right on the timing but wrong on the trend" (fighting the daily chart). Shannon’s alignment eliminates both errors. technical analysis using multiple timeframes brian shannon

Shannon pays close attention to . He wants to see volume drying up on the pullback (sellers exhausting) and volume expanding on the bounce (buyers returning). – The market is flat or "basing" after a decline