XJO Weekend Charting and Chat - 23rd March 2018, page-4

Hi JT,
Would you mind explaining why on your MACD chart you label the period from early October 17 until late January 18, a "False PA Breakout"?
Did it seem to be that for you at the time, or was it apparent only in retrospect?
I ask as it seemed a strong Bull Phase to me at the time, and the sudden correction in early February was a little surprising as the US indices were going gang busters up until that day.