[isatrader]

On the daily chart, checkout the candle you identified as the 2nd pull back entry. Why couldn't the candle before it qualify as the 2nd pull back entry? It is green and its close is higher than the previous day's high. Did you disqualify it b/c its tail touched the breakout line? https://stageanalysis.net/forum/attachment.php?aid=1300

Hi Red Barron, sorry for the slow reply, I was away on a skiing trip last week.

Don't be too literal with my markups, as I'm far from perfect and are just my estimations.

If you read the brief Q&A I did with Stan on the following post https://stageanalysis.net/forum/showthre...623#pid623 you'll see that all he says is that he suggests doing secondary buying when a stock pulls back close to the breakout point, and you then see it stabilize near that level. - which can be interpreted in multiple ways. For me I like to see two days of higher lows following a pullback for a bit of additional confirmation that it's stopped declining in the short term, but others may have different ways. So the method is a bit ambiguous on this, and it's up to you to decide when you think a stock has stabilised or not on a pullback.

Another technique I've been using for this is to go down the timeframes to a 2hour chart and use the weekly stage analysis chart settings on that time frame and wait for a Stage 2A breakout on the 2 hour timeframe with a good volume increase of course on the new breakout. This has been a good technique for me as has kept me out of some stocks that went on to have deeper pullbacks or even continued declining. A recent example of this 2hr chart pullback technique is AZ.TO - which as you can see, had good bounce in February that might have encouraged you to enter as a pullback entry, but as you can see it continued declining back towards the swing low again over the following weeks, and has now rebounded again. Now if you go down the timeframe to the 2hr chart, you'll see that it's now formed a Stage 1 base on that timeframe. So as you can see, this technique would have kept you out of this stock for the last month while it's still churning. But would get you back in with a low risk entry point if it went on to breakout again on the lower timeframe.