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Shannon’s philosophy is rooted in but modernized for the high-speed electronic markets of the 21st century.
The daily chart answers the question: Is the current pullback healthy or broken? technical analysis using multiple timeframes brian shannon
Stock XYZ is in a clear weekly uptrend ($100 to $150). It pulls back to $130 on the daily chart. A novice trader sees a green daily candle and buys $130. Shannon’s philosophy is rooted in but modernized for
Remember Shannon’s golden rule:
The single chart is a lie. It tells you the price, but it hides the story. The weekly chart tells you the story of institutional accumulation. The daily chart tells you the story of the current sentiment. The hourly chart tells you the story of tomorrow’s open. technical analysis using multiple timeframes brian shannon
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