The process always begins by determining the primary trend on the weekly or daily chart. A bullish setup on a short-term chart is not a valid trade if the larger trend is still bearish.

High volume on moves that fail to make new highs/lows. 4. The 4 Stages of a Stock

The uptrend stalls. The asset moves sideways again as institutional investors sell their shares to late-coming retail traders. Volatility increases, and support begins to weaken. 4. Stage 4: Markdown

Key Concepts from Technical Analysis Using Multiple Timeframes 1. Market Structure and Trend Definition