Increased volatility and sideways movement where institutional players begin selling to latecomers.

Shannon’s methodology is built on the belief that "only price pays". He emphasizes looking at the market through both a "telescope" (higher timeframes for trend direction) and a "microscope" (lower timeframes for execution).

A period of sideways movement following a downtrend where "smart money" builds positions.

The book's primary framework revolves around the :