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Registered User
Joined: 11/19/2005
Posts: 12
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How can I find a Stair Step Candle pattern.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I did some searching and cannot find a description of this pattern. Can you describe it for me? What makes a stock in a "Stair Step Candle pattern"?
- Craig
Here to Help!
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Registered User
Joined: 11/19/2005
Posts: 12
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as the stock moves up it forms a foundation and it goes up
a little more and forms another foundation and it moves up again forms another foundation. ..
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Registered User
Joined: 11/19/2005
Posts: 12
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look at the daily chart for STTS it has a stair Step for
November.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Gotcha. Consolidations followed by breakouts.
Start by watching this video, it may be all you need:
EasyScan Design for Breakouts and Bouncers
If not, I will need you to define a time period that this happens within.
- Craig
Here to Help!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I was playing around with a PCF and found many steppers using it:
Low as % of Highs (30 to 60)
100 * AVGL30 / AVGC60
This PCF returns the value of the average lows for the last 30 days as a percent of the average value of the highs for the past 60 days.
Sort any WatchList by this PCF in DESCENDING order and look at the charts. Not every one is a "stepper" but many are.
I sorted the Standard and Poors 500 and found:
SBL
MNST
Q
CC
GT
ADCT
IP
To name a few.
You can change the 30 and 60 to cover more or less time as you like.
Here are some videos to review:
How to create a Personal Criteria Forumula (PCF)
Create your own stock rankings using WatchLists and Sort conditions
- Craig
Here to Help!
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