Technical Analysis Using Multiple Timeframes Brian Shannon 💫 📥

| Month | Price | | --- | --- | | Jan | $50 | | Feb | $55 | | Mar | $60 | | ... | ... | | Dec | $100 |

Next, the trader analyzes the intermediate-term weekly chart, which reveals a short-term consolidation pattern. technical analysis using multiple timeframes brian shannon

The weekly chart indicates a short-term consolidation pattern, with the stock price oscillating between $95 and $100. | Month | Price | | --- |

By analyzing multiple timeframes, the trader gains a more comprehensive understanding of the market trend and potential trading opportunities. In this case, the trader may consider buying the stock based on the bullish breakout pattern on the hourly chart, while also considering the longer-term bullish trend on the monthly chart. The hourly chart indicates a bullish breakout pattern,

The hourly chart indicates a bullish breakout pattern, with the stock price breaking above the short-term resistance level of $100.