Brian Shannon insists that price is an auction. If you are looking at a Daily breakout but the Weekly Volume Profile shows a massive High Volume Node just $1 above, that breakout will likely fail. The "link" between weekly volume and daily price is the most predictive relationship in the market.
Relying on slow indicators that conflict across timeframes. Rely heavily on price action, volume, and moving averages. Conclusion: The Power of Multi-Timeframe Confluence by brian shannon technical analysis using multiple link
Unlike traders who clog their screens with lagging indicators, Shannon advocates for focusing on price and volume. Key components include: Brian Shannon insists that price is an auction
: Shannon advises against buying exactly at the AVWAP touch; instead, wait for the price to show support and rally away from the line to confirm buyers are defending the level. Key Takeaways for Traders Relying on slow indicators that conflict across timeframes
These stages are not static predictions but dynamic descriptions of market character, providing context for risk and opportunity in every trade.
Buying a stock in a Stage 2 markup when it briefly retreats to a rising moving average or an Anchored VWAP.
– After a downtrend, the price moves sideways as institutional players build positions.