[isatrader]

RGD.L. I presume this is moving into stage 1 rather than going straight from 4 -> 2. Whatever has happened it has broken a downward trendline.

Yep, that's a classic Stage 1A pattern imo, as you'll note it's still a long way below it's resistance zone, and Relative performance is well below a still declining zero line, as well as the steep angle of the still declining moving averages, which highlights how early it is in it’s basing phase. So it could be a long way off before this one before this makes a suitable entry point for the method, as it's very early in it's recovery.