Aligning multiple timeframes allows you to risk a small amount of money to chase a much larger macro move. 2. The Four Stages of the Market Cycle
Locating the intermediate trend and current market stage. Aligning multiple timeframes allows you to risk a
: The book categorizes price action into four distinct phases: Accumulation (Stage 1), Markup (Stage 2), Distribution (Stage 3), and Decline (Stage 4). : The book categorizes price action into four
The Anchored VWAP acts as a line in the sand for supply and demand. If the price is above the AVWAP anchored to a major low, the buyers from that event are in control and in a profitable position. If it falls below, those buyers are underwater, creating potential overhead supply (resistance). Choosing Your Timeframes If it falls below, those buyers are underwater,
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Shannon emphasizes that markets move in rhythmic patterns of expansion and contraction.