CU6 - ASX Charts, page-1515

My analysis was based on Stan Weinstein's position trading, basically investing for a longer time period with only a few different trades in a year. This is basically dividing up the trading chart over 4 stages, could take a 5 year weekly chart to see it clearly or a daily one year chart, best to look at it over both a weekly and daily time frame, this would be way too slow for daytrading or even possibly swing trading, where shorter time frame ema's or sma's would be more appropriate in a trading strategy. Although some swing trading could be incorporated as well in some cases.

It is not a complicated strategy very simple really. in fact accumulation would be occurring now in early stage 1 as frustrated retailers divest their shares to institutions, just as institutions divested their shares to retailers at the top of the market. and then the shorters step in as the price tumbles. in stage 4
The volume will eventually increase, the shareprice might whipsaw above and below the 50 sma trying to shake loose any jittery retail trade, share pattern recognition will give an indication that breakout is imminent, beyond which share price would be driven up by continued accumulation by institutions, retailers that want to jump back in and other investor types.

These4 stages of the chart do not occur by chance , they are driven purposely by the institutional investors who make money from the retail trade. This is the opinion of Stan Weinstein and corresponds with a number of other well known successful traders. You can read their books or study their strategies for free in most cases. it depends on what style suits your personality . I rabbit on about Weinstein because it suits me, its less complicated and easy to read if you practice at it. Others prefer other styles its your choice