Higher highs not impossible in following months here's why. In this Parabolic SAR pattern match I'm interested in the months subsequent to a match when yield closes first time below average (marked by red verticals). It's been a good time to buy the months after, and for S&P to go on & make new highs. NOT ADVICE DYOR. NOTE THE CORRECTION ON CHART BELOW where second A starts.
Comment
⋅
Error in Bottom chart. Top Chart is correct where second A starts. Bottom chart is wrong. "A" needs to start where Parabolic SAR dot starts from lowest point.
It is very good to use the Parabolic SAR indicator. This indicator is an ATR based system. Many further indications can be derived from this. Various ATR-based axes, short-direction ATR, long ATR, ATR symmetry.