By Brian Shannon Technical Analysis Using Multiple Link

Price moves sideways as "smart money" begins to build positions after a downtrend.

Clear uptrend marked by higher highs and higher lows. The asset trades consistently above its rising 20-day and 50-day moving averages. Stage 3: Distribution by brian shannon technical analysis using multiple link

As Shannon often states, "The trend is your friend... but the timeframe defines the friendship." By linking them, you ensure that friendship is a profitable one. Price moves sideways as "smart money" begins to

By "linking" these three perspectives, you stop trading against the trend and start trading with the institutional flow. You stop guessing at bottoms and start buying pullbacks in strong trends. Stage 3: Distribution As Shannon often states, "The

Once the bias is set, you shift to a lower timeframe (e.g., 15-minute, 5-minute, or even 1-2 minute charts) to time your entry.

Look at the daily chart to confirm the stock is making higher highs and higher lows. The 50-day moving average should be sloping upward.