A sustained uptrend with higher highs and higher lows; this is the most profitable phase for long positions.
Shannon teaches that you must establish your bias first. Look at the Daily chart. By Brian Shannon Technical Analysis Using Multiple
When you analyze a single timeframe, you see a story, but not the full story. A 5-minute chart might show a powerful uptrend, suggesting a buy signal. However, if you zoom out to the daily chart (the higher timeframe), that "uptrend" might simply be a minor pullback within a dominant downtrend. A sustained uptrend with higher highs and higher