Your feelings can be right.
You stated the stages – that were wrong and we tried to correct those based on our learning.
Stage analysis is done on weekly chart.
The method was designed and popularised by Satan Weinstein in the following book and you can check the same by reading it.
We just follow his fundamental rules with few changes in it (40 WEMA vs 30WEMA and 9 WEMA vs 10 WEMA) and add few other chart-reading techniques. Our reply is limited to that context only.
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