Shannon suggests a specific hierarchy to organize market data. This prevents "analysis paralysis" and keeps the trader focused on the most relevant information.
His work has been featured in Technical Analysis of Stocks & Commodities , Barron's , Active Trader , Stock Futures and Options Magazine , and he has appeared on CNBC, Yahoo Finance, IBD, and Fox Business.
: Buy pullbacks to key moving averages on intermediate timeframes. 3. Phase 3: Distribution Shannon suggests a specific hierarchy to organize market
: Move to lower timeframes (5 or 15-minute) to find precise entry points once a high-probability setup is confirmed. Available Formats and Access
The intraday chart is your tactical view. Instead of chasing a stock at the market open, wait for an intraday breakout or a reversal pattern that aligns with the hourly and daily charts. : Buy pullbacks to key moving averages on
The stock tops out as institutional sellers unload shares to retail buyers.
No indicator replaces raw price levels. He marks previous week’s high/low, prior day’s close, and volume nodes. Available Formats and Access The intraday chart is
Start with the daily chart to determine the market stage. If the stock is in a Stage 2 Markup phase and trading above its rising 20-day and 50-day exponential moving averages (EMAs), your bias is strictly long. 2. Locate the Setup
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The book also covers critical risk management concepts that separate consistently profitable traders from gamblers: