Technical Analysis Using Multiple Timeframes By Brian Shannon Pdf Free 57 Top Link

Shannon categorizes every stock’s lifecycle into four repeatable stages:

: Used to confirm the health of a trend; ideally, advances occur on increasing volume and pullbacks on declining volume.

Stage 2: Markup (Bullish Trend) /\ / \ / \ Stage 3: Distribution (Top) / \_______ / \ Stage 1: Accumulation \ Stage 4: Markdown (Bearish Trend) ____/ \ \____ Stage 1: Accumulation