The most profitable phase characterized by higher highs and higher lows. This is where long positions are favored.
Used to identify the primary trend and major support or resistance zones.
Occurs after a long decline. Prices move sideways with low volatility as "smart money" builds positions.
Brian Shannon’s is widely considered a foundational "textbook" for traders. Rather than offering a rigid, one-size-fits-all system, Shannon provides a logical framework for understanding market structure and aligning trades with the dominant trend.