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The concept is hierarchical. Each timeframe plays a distinct and equally important role:

Brian Shannon, a well-known technical analyst, has developed a systematic approach to technical analysis using multiple timeframes. His method involves analyzing three timeframes: the long-term timeframe (usually a weekly or monthly chart), the intermediate-term timeframe (usually a daily chart), and the short-term timeframe (usually a 60-minute or 30-minute chart).

When applying the methodology, it's helpful to think in terms of a practical workflow: