[malaguti]

Hi all, I wanted to start going through loads of charts to get an idea as to my ability to guage its stage.
I've attached a chart of the FTSE electricity sector as there are a few similar to this where there doesn't seem to be a discernable shift from stage 2 to 3 and then 4

Basically, is my analysis correct.
I would view this as still within a stage 3, mainly because the shift from stage 2 was far too sharp. The cloud was broken whilst the SMA was still going up. Had we been long, we would now have been stopped, so to move from a 2 to 4 seems too sudden.
Not unheard of I guess, but what's your take on this.

If you look at its constituents (just 2 fortunately) one is stage 2 and one is in stage 4 so a 3 would seem the best bet? Until something more concrete develops and leave this alone until such time...