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: Open a daily or weekly chart. Determine if the asset is in a Stage 2 uptrend or a Stage 4 downtrend. Only trade in the direction of this macro trend. Only trade in the direction of this macro trend
Stage 2: Markup (Bullish) / \ / \ Stage 3: Distribution (Top) / \________ / \ ______/ \ Stage 4: Markdown (Bearish) Stage 1: Accumulation (Bottom) \ \______ Daily) | Identify setups
Wait for a healthy pullback or a bullish consolidation pattern (like a flag or a cup-and-handle) to develop on the intermediate timeframe. 1-hour or 15-min) | Fine-tune entries
– A clear downtrend characterized by lower highs and lower lows. 2. Timeframe Alignment
| Timeframe | Role | Example | |-----------|------|---------| | (e.g., Weekly) | Determine trend direction and key support/resistance | Bullish above 200-week MA | | Trading (e.g., Daily) | Identify setups, patterns, and zones of value | Bull flag on daily chart | | Lower (e.g., 1-hour or 15-min) | Fine-tune entries, manage stops, spot early weakness | Pullback to rising 20-period EMA |
In the world of stock trading and technical analysis, navigating market noise to find high-probability setups is a constant challenge. One of the most definitive frameworks for overcoming this challenge is detailed in the acclaimed book Technical Analysis Using Multiple Timeframes by Brian Shannon.