Is the price finding support at the Anchored VWAP from the recent swing low?
It provides the ultimate context and identifies major support and resistance zones. Is the price finding support at the Anchored
+-------------------------------------------------------+ | HIGHER TIMEFRAME | | (Daily Chart: Identifies Trend & Stage) | +---------------------------+---------------------------+ | INTERMEDIATE TIMEFRAME | LOWER TIMEFRAME | | (Hourly Chart: Locates | (10-Min Chart: Triggers | | Key Support Zones) | Low-Risk Entry Point) | +---------------------------+---------------------------+ The Trend Locator (Higher Timeframe) Daily or Weekly chart. To build a robust trading plan using Shannon’s
To build a robust trading plan using Shannon’s principles, execute the following mechanical sequence of actions before entering any position: and key support or resistance zones.
Higher highs and higher lows; price stays above rising moving averages. and breakouts. Stage 3 Distribution
: Use hourly or daily charts to spot chart patterns, pullbacks, and key support or resistance zones.