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: He views volume as the "emotional condition" of buyers and sellers, noting that volume typically peaks at turning points. 4. Risk Management: "Only Price Pays"
Technical Analysis Using Multiple Timeframes By Brian Shannon : He views volume as the "emotional condition"
Shannon is famous for his emphasis on (especially the anchored VWAP from significant swing highs/lows). He considers it superior to moving averages because it accounts for both price and volume. In multiple timeframe analysis, the daily VWAP often acts as support/resistance for 4-hour charts, while weekly VWAP defines major battles between bulls and bears. He considers it superior to moving averages because
Mastering the Market: Key Takeaways from Brian Shannon Technical Analysis Using Multiple Timeframes Key principles include utilizing the "Big Picture" to
Brian Shannon's "Technical Analysis Using Multiple Timeframes" provides a framework for aligning trends across different time scales to identify high-probability trade setups, with a focus on market structure and the Anchored VWAP. Key principles include utilizing the "Big Picture" to guide entry and exit points on lower timeframes while analyzing volume to confirm trend strength. For more details, visit Alphatrends Amazon.com