[pcabc]

Not got charts set up yet, sorry no pic. Rolls-Royce (RR.L) might look good for a short - it seems to be pulling up and looks almost like the best examples out of the book.

Hi pcabc, RR.L looks like an excellent example of an initial Stage 4A pullback. It's in one of the weakest sectors and had a strong volume initial breakdown. So imo, you would need to wait for a close below last weeks low for a potential entry point as it's slightly above the initial Stage 4A breakdown level still currently, but it depends on your trading style as others might want to be more aggressive and get in sooner with a very close stop. Attached is the charts

Sorry to edit the post after you responded - did not notice your post (crosseed in the post!). Added a caveat that I've not sold short too date. I need to learn what the 'A' bits of the stages are, but waiting for it to show that it can't remain above the resistance line you plotted seems to make sense.