Uptrend Under Pressure 93
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← All Patterns · Weinstein · Beginner

Basing Setup

Weinstein's Stage 1 — the long, sideways accumulation phase where a stock trades in a choppy range, often below its 30-week MA or as it flattens. This is where smart money quietly builds positions before the Stage 2 breakout. Not a buy yet — but a stock to watch closely.

Historical replay

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How this is measured →

Setup Criteria

  • Stock trading in a sideways range, low volatility
  • 30-week MA is flat or just beginning to turn up
  • Volume is low and contracting during the base
  • Relative strength not breaking down vs market
  • Length: weeks to months — longer base = stronger move
Entry

Do NOT buy yet — wait for the Stage 2 breakout above the range on volume.

Stop Loss

N/A during Stage 1 — this is a watchlist / monitoring pattern.

Worked Example

QQQ — flagged as a Basing on Sep 10, 2026 (score 55). 26 weekly bars with the 10-week SMA.

$600$700Vol 365MVol 199MMarJunSep '26

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Historical detection shown for education — not a current recommendation.

No Basing setups in the latest scan

Market conditions may not be producing this pattern right now — the scanner re-checks every trading day.

Pattern Diagram
Pattern Info
LegendWeinstein
Difficulty Beginner
Scanner ✓ Active