RELIANCE: Nearing Reversal for Swing Positional Trade

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P-SAR Nearing Price (from BELOW) Just 1 Point, If Mon Day(13/08/18) Price hit P-SAR (2 1201.7)
Possible SHORT, As P-SAR Crossing Above Price.

Considering Parameter Changed to Aggressive mode, Calculation Shows P-SAR Changed to @ 1185, @ 1169.

Developed by Welles Wilder, the Parabolic SAR refers to a price-and-time-based trading system.
Wilder called this the “Parabolic Time/Price System.”
SAR stands for “stop and reverse,” which is the actual indicator used in the system. SAR trails price as the trend extends over time.

SAR follows price and can be considered a trend following indicator.
Once a downtrend reverses and starts up, SAR follows prices like a trailing stop.
The stop continuously rises as long as the uptrend remains in place.
In other words, SAR never decreases in an uptrend and continuously protects profits
as prices advance. The indicator acts as a Guard against the propensity to
lower a stop-loss. Once price stops rising and reverses below SAR , a downtrend starts
and SAR is above the price. SAR follows prices lower like a trailing stop.
The stop continuously falls as long as the downtrend extends. Because SAR never rises
in a downtrend, it continuously protects profits on short positions.

.... Short Traders Watch levels Mentioned side by as TGTs

Education purpose Only.
Aug 13
Comment: Made Low @ 1182.70, Mentioned one of the Level @ 1183.


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