Shannonpdf Full _verified_ — Technical Analysis Using Multiple Time Frame By Brian

Identifies the current cyclical phase or chart pattern within that bigger trend.

Shannon advocates for a top-down analysis to ensure you aren't fighting the "big picture" trend: Identifies the current cyclical phase or chart pattern

Protect capital by tightening stop-losses; look for shorting opportunities. Stage 4: Markdown Identifies the current cyclical phase or chart pattern

If you'd like to dive deeper into these concepts, I can help you with: Setting up on your specific platform Analyzing a specific stock using the four-stage cycle Creating a checklist for top-down analysis Identifies the current cyclical phase or chart pattern

Always place the stop-loss based on the timeframe used for execution, not the trend timeframe. If entering on a 5-minute chart breakdown, the stop belongs just past that 5-minute pivot point.