: When multiple timeframes agree on a direction, the "odds are stacked" in your favor because various groups of buyers or sellers are likely to act simultaneously. The Four Stages of Market Cycles

Technical Analysis Using Multiple Timeframes by Brian Shannon

: Buying slows down as early investors sell to latecomers, leading to a peak.

: The downtrend where selling pressure outweighs buying, often leading back to a new accumulation phase. Essential Tools for the Shannon Strategy Amazon.com: Technical Analysis Using Multiple Timeframes

A cornerstone of Shannon's analysis is the recognition of the four distinct stages a stock moves through:

: Sideways price action where institutional "smart money" begins building positions.

Shannon’s methodology centers on the idea that the "market" is a collection of diverse participants—from intraday scalpers to institutional swing traders—each watching different clocks.