The daily chart (high timeframe) still showed price above the 20-day SMA. The 4-hour chart was holding the 50-period SMA. Nothing had broken structurally. He held.
In the search for the "Top PDF" guide on this subject, you will consistently find one diagram: Shannon’s "Three Time Frame Model." Here is the breakdown every PDF should contain. The daily chart (high timeframe) still showed price
" is widely considered a foundational textbook for traders looking to move beyond basic chart patterns and understand the "why" behind price movement. Rather than offering a rigid, one-size-fits-all system, Shannon provides a framework for aligning different timeframes to identify low-risk, high-probability entry points. high-probability entry points.