[Tryst]

We're looking at almost 22 months of being in a continuation move...is that possible for that amount of time?

A basing to take this long I could understand, but a continuation seems quite long. Is there a consensus that stage 1 bases are longer in time that continuations/consolidations?

I don't really understand that question. After such a severe Stage 4 decline from over 400 down to the 30s in 2011/2012, would you not expect a very long Stage 1 base?

It's first Stage 2 attempt in late 2012 inevitably failed as it was too soon and still under heavy resistance after a 90%+ fall. Since then it's worked sideways to lower on weaker volume as it's gradually worked off the selling pressure, and formed a lower swing high which would now define the top of the new Stage 1 range imo in the mid 50s.

The "Wyckoff Spring" a few weeks back on the failed Stage 4 continuation breakdown attempt is a possible sign of a selling climax, and why I thought worthy of the watchlist, even though it's still got a lot of work to do to move into Stage 2 above it's Sept 2013 swing high.

Hi Isatrader,

what I meant was that in your chart you state that it attempted a breakdown/continuation move. Is the price did break down to new lows a few weeks back would the price range from Aug 2012 until the price break down a few weeks ago be classified as a stage for continuation move? This is where my question comes from, can a stage 4 continuation move last as long as this amount of time? (almost 22 months)

Thanks