Exactly, a trader who doesn't understand phase 2 isn't a good trader, because to know how to trade, you shouldn't just look at a short-term chart, but the long-term trend is extremely important, hence the weekly chart. Trading in phase 4 is extremely risky, while trading in phase 2 is much simpler. All phase 2 trades yield 100% or more; my record is about 1000% in 45 days. Of course, everyone has their own trading technique. I read in one of your posts that you wanted to focus on the SMA50 instead of the SMA20. That's what I use: bounces near the SMA50, which is very powerful in a phase 2, and it's also simple when you're swing trading.. I called the reversal on TWOH at 0.0011. There was a falling wedge with a gap down and a double bottom. This bull flag was in phase 2; it was an easy call when you know your patterns.
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