MaxVentures
Sometimes the S2 movement starts in a jiffy.
Check the weekly chart.
We start to ride in this Stage 2 it when it broke the 1st trading range
Then added few when it broke the 2nd trading range.
Then it came back to test the 2nd trading range and stuck there for last 2 weeks -this is called retest (blue circle). We added more of these this week when it again came above the 2nd trading range as well as when it crossed the final resistenace.
Do read whole write-up on Granules ( the post on learning stage analysis ) to undertand what factors to check (Vol,MACD,RSI ,10 wma, 40 wma etc etc ) and apply whether you can see those factors working here.
Disclaimer :These charts are for learning purpose only. No recommendation of buy and sell. The set-up discussed here can fail on many occasions.
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