What he saw shocked him. For the past 10 weeks, $CORQ had been forming a massive ascending triangle—higher lows, flat resistance at $87.50. The weekly 20-period simple moving average (SMA) was sloping upward, and the volume on up weeks was 40% higher than on down weeks. Tide: bullish.
– The primary uptrend where the price stays above rising moving averages; this is where most profits are made. Stage 3: Distribution
The search for a "technical analysis using multiple time frame by brian shannon pdf top" summary usually stems from a desire to simplify trading. The irony is that the method itself is about simplification.
The Captain slid a dog-eared book across the laminate table:
