Stage Analysis on different time frames
A frequent question is can you use Stage Analysis on other timeframes?
Yes, but always consider the major weekly Stage first & then look at other timeframes to help with timing entries
For example the TSLA weekly chart is in late Stage 2, known as Stage 2B (and may even potentially be early Stage 3), and the daily TSLA chart is in Stage 1, and the intraday 2 hour chart attempted a Stage 2A breakout, but fell back into Stage 1 on that timeframe.
So a Stage 2A breakout on the intraday (2 hour) and daily charts, would be an early entry point for a Stage 2 continuation breakout on the weekly chart for example. So can be really useful for buying pullbacks on weekly Stage 2 advances for example.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.