Using Shannon’s methodology, you must first identify the trend on a higher timeframe (e.g., the Daily or 60-minute chart).

Traders use a "top-down" approach to ensure they aren't fighting a larger trend:

Shannon's core philosophy is that "only price pays" and that looking at multiple timeframes allows a trader to align with the higher-term trend while finding precise entries on lower-term charts.

If you’ve spent any time in the markets, you know that a single chart rarely tells the whole story. To truly understand price action, you need to see the "big picture" and the "fine print" at the same time. This is the core philosophy behind Brian Shannon’s acclaimed book, Technical Analysis Using Multiple Timeframes .

: Used as dynamic areas of interest for buying or selling confirmation. Volume Analysis

A sustained downtrend where sellers are in control.

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technical analysis using multiple timeframes by brian shannon pdf free 14