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Swinghigh

📊 What are Swing Points?📍Types of Swing Points A swing point on your chart is simply a turning point for price in the past, either to create a considerable pullback into an established trend, or to reverse it altogether. When a turning point creates a mere pullback it can be classified as a minor swing point. When it creates the base to reverse a trend, it is classified as a major swing point. 📍Why are swing high and swing low formed? A swing high and swing low is formed due to what is known as support and resistance. The technical explanation for support and resistance is as follows: 🔹 A support forms for the price when you notice that there are more buyers than sellers at a certain price. The demand for the asset or the stock overwhelms the supply and thus pushes price higher. 🔹 A resistance forms for price when you notice more sellers than buyers at the price level. In this case, price fails to move higher and therefore declines. Swing points are key levels we use in TA to identify potential trend reversals and support/resistance areas in the markets. Swing highs represent peaks in price movement , while swing lows represent valleys or troughs. You can find swing points by studying price charts, identifying peaks and valleys, and plotting them on the chart. By connecting swing points with trendlines, you can analyze patterns and assess potential support and resistance levels. Combining swing points with other technical indicators can enhance trading decisions. It's important to consider different time frames and use swing points as part of a comprehensive analysis approach. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
1
AUDUSD pivots suggest a short scalp`I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot confluence in this area. Currently price is relatively close to breaching the bearish correction, indecision is needed, along with volatility and indecision or a reversal at a key area.
Short
by DesharedPierreJr.
BASIC FIB OTE + OB PULLBACK TRADING SETUPJUST CHECK THE PIC FOR THE IDEA. BUT BASICALLY HERE ARE THE STEPS: 1. DETERMINE CURRENT MARKET STRUCTURE USING 1) SWING HIGH & SWING LOW 2) BOS & CHOCH -this is more powerful if price has just made a break of structure(BOS), but not necessarily. 2. PLOT FIB FROM LATEST SWING HIGH & SWING LOW 3. LADDER ENTRY AT FIB OTE + ORDERBLOCK ZONE 4. PUT STOPLOSS AT ABOVE SWING HIGH "Invalidation Zone" 5. TAKE PROFIT AT SWING LOW That's it. Backtest it until the inception of Bitcoin if you want just to get a really accurate picture of how well it works. Basic is good. Fancy gets broken.
by HaribonALT
GBPUSD Possible seeing a Bearish push lower As you can clearly see from the chart: -Price reacted to the weekly Swing High and created a change of Character ( ChoCh), Which left an Orderblock (OB). - Price came back to mitigate the OB after sweeping the trendline liquidity ( $$$) -We would probably see price dropping lower to fill in the fair value gab( FVG). Please leave a like and comment if you find our post helpful to encourage us to keep posting to you. And please don't forget to follow us.
Short
by Nachiforex
ETHUSDT Weekly S/R| Key Standing High| Area of Resistance| PriceEvening Traders, Today’s analysis – ETHUSDT – trading towards an area of resistance where a rejectin is plausible, Points to consider, - Price Actin Corrective - Weekly S/R Resistance - Key Swing High - .618 Fibonacci Resistance ETHUSDT’s immediate price action is considered corrective in a bear market, price is approaching a zone of resistance which allows for a bearish biases. There needs to be a change in market structure which will highlight weakness, currently not the case. The overall objective is the Daily S/R level situated at $1,190, testing this area will create a Trading Range. Overall, in my opinion, ETHUSDT is a valid short, price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, “Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.” ― Yvan Byeajee
Short
by AzizKhanZamani
3
CRV/USDT : Possible rejection as it's approached the range's lowHello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $CRV has reached the higher range's low and has swept above the last high. Also, It has formed a swing high now and could be a good entry to locate our Shorts with a stop-loss above the higher highs... However, If we get caught on SL, Then it's more likely for $CRV to have one more bound into the range's high and sweep out the higher swing highs. In terms of that; I might look for $CRV's Short again! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
4
Pivots or Swing Highs and Lows- IPivots are essential in many forms of TA- including the TA i mainly use which is Action-Reaction aka pitchforks Pivots may also be termed swing highs or lows Pivots and swing highs/lows may be harder to define than one first imagines I would define a pivot or swing as follows: A focus of Price Action (PA) which becomes a reversal point This is important because either a V shape or inverse V in PA does not equate with a pivot/swing An acute angle in price may become a pivot or swing in hindsight IF it breaks the trend which price was previously moving along G.R.I. Dec '21 KEY P1 pivot one - price in uptrend along blue diagonal P2- becomes a swing high WHEN blue diagonal is broken to the downside P3- becomes a swing low WHEN yellow diagonal is broken to the upside P4- becomes a swing high WHEN green diagonal is broken to the downside P5- becomes a swing low WHEN pink diagonal is broken to the upside P6- becomes a swing high WHEN purple diagonal is broken to the downside P7- becomes a swing low WHEN green diagonal is broken to the upside
NASDAQ:TLTEducation
by Great_Reset_Investing
Is the Bearish Trend still Possible??Considering the Bearish Trend which created a LLs and LHs inside the Ellipses, we saw an invalidation through the channel which tried to create a HHs and HLs but then the ZONE from the HH was a SUPPORT AREA which we saw a consolidation and a break below, the Break-out was also a consolidation which we were expecting a break either above or below but the certainty was a SELL OFF because we needed to observe the previous price action to determine what to expect ahead. Price has now invalidate the channel up and a break below the ZONE Area. I am anticipating a continuation of the DOWN-TREND because the recent HH is a Swing High and were we have an invalidation of the recent HL as a Swing Low. From the the Fibbonnaci we have seen a correction of 50% towards the Resistance Area, a Bearish Engulfing has been confirmed at the Resistance Area which a SELL OFF is possible and likely to resume a LH and a LL...
Short
by MII1502
3