[isatrader]

Isatrader, would you consider that price spike up around Oct 2012 to be a stage one if what is happening now is a Stage 2A? I can't really stage a full stage cycle (from 1-4) behind your drawn horizontal resistance line.

It's an awkward one, but I make it Stage 4 during the late summer to autumn 2013, and then the breakout above the declining 30 week MA moved it into Stage 1A, and hence it formed a higher Stage 1 range above it's 30 week MA through to March 2014 when it managed to clear resistance on weak volume and move into Stage 2A. So seven weeks later it hasn't gone far, but looks to be getting clear of resistance and hence is still in Stage 2A (i.e. early in Stage 2), but looks more promising now that the resistance is being cleared and it had a volume pickup of more than 2x the weekly average.

So remember, if something gets a Stage 2A rating, it doesn't mean it's the Stage 2 breakout point unless I write Stage 2A breakout on the chart, instead it just means that it's in early part of Stage 2, as it can stay in Stage 2A for many months in some cases.

I've attached the diagram I created as a rough guide to the Stage 2 sub stages that I use. So for example, following the Stage 2A breakout, all the weeks following until it makes it's first major continuation would be classed as Stage 2A.