Protect capital by tightening stop-losses and avoiding new long positions. Stage 4: Declining Phase (The Downtrend)
Rather than using dozens of indicators, focus on a few key moving averages to judge trend health:
Related search suggestions have been prepared. Protect capital by tightening stop-losses and avoiding new
Official educational webinars and video lessons hosted on , Shannon's market analysis platform.
Used to identify the long-term trend, major support and resistance levels, and overall market structure. Used to identify the long-term trend, major support
Shannon proposes a structured approach to viewing charts. While the specific time increments depend on your trading style (Day Trading vs. Swing Trading), the ratio remains the same.
Identify the nearest major daily resistance level that could stall an intraday move. 2. The 15-Minute Chart (The Setup) Watch the opening 15 to 30 minutes of the trading day. Swing Trading), the ratio remains the same
By systematically analyzing an asset across multiple time frames, you remove emotional guesswork from your trading. You stop trying to predict where the market should go, and instead start reacting to what the market is actually doing across all time horizons.