by Brian Shannon is widely considered a foundational masterpiece for swing traders, day traders, and long-term investors alike. The book explicitly details how to evaluate market trends across different horizons to minimize risk and maximize profit margins.
: Avoid aggressive long positions; wait for a definitive breakout above resistance. Stage 2: The Uptrend (Advancing Phase) by Brian Shannon is widely considered a foundational
(e.g., on LinkedIn, Twitter, or a trading forum): Stage 2: The Uptrend (Advancing Phase) (e
Multi-timeframe analysis is the practice of identifying the dominant trend on a higher timeframe, then refining entry and exit points on lower timeframes. Shannon argues that looking at a single chart is like looking through a straw—you might see the price, but you miss the broader context. The price should be above a rising 50-day moving average
Ensure the stock is firmly in a Stage 2 Mark-Up phase. The price should be above a rising 50-day moving average.