[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)

I think it's semantics as to whether it's called a Stage 4 continuation breakdown or a new Stage 4A breakdown in this case. Personally, if a stock has had a Stage 4 decline and then moved into Stage 1 and attempted to base, before breaking down once more below the base, then I consider that a continuation move of the previous Stage 4, as the Stage 1 is just a pause in a longer term downtrend. But if moved back into Stage 2 and 3 before breaking down again, then I'd consider it a new Stage 4. But in this case, as it never made it into Stage 2, then I'd consider it a continuation of the previous Stage 4.

Hopefully that makes sense