Detailed thread on "STAGE ANALYSIS".. (1/7) Do not miss out Retweet , like for maximum reach There are 4 stages of market cycle 1. Accumulation (Stage -1) 2.Mark up (Stage -2) 3. Distribution(stage-3) 4. Mark down(Stage-4) Follow : @pheonix_trader
(2/7) What is stage 2 stocks ? The condition for stage 2 stocks are 1. 10 week moving average above 30 week moving average 2. price above both 10 & 30 week moving averages 3. 30 week MA must be rising for at least 1 month
(3/7) How to do "BASE COUNT" in stage 2 Stocks 1 As long as stocks enters stage 2 we look for consolidation & mark it as 1A 2 If from the high of the 1A base stocks move 20% higher we mark next consolidation as 2A 3 If not we mark it as 1B Some examples attached :-
(4/7) Warning Signals Warning signals are more dangerous after 3rd base 1st Warning signal a) LARGEST WEEKLY BAR AFTER 3RD BASE
(5/7) Warning signals 2nd warning signal b) LARGEST REJECTION WITH HUGE VOLUMES
(6/7) Warning signal 3rd Warning signal ANGLE OF RISE ALMOST 90 DEGREE CONSECUTIVE GREEN BARS IN A ROW
(7/7) Stage analysis &Base count is done to see whether a stock is young or old. Retweet , like For these educational tweets join my free telegram channel Follow @pheonix_trader
Thinking of sharing a detailed thread on how i trade pullback based on "False breakout" Lets see the response If i get decent response will share detail thread. So like , retweet & Follow @pheonix_trader