What are Swing Highs and Swing Lows? How do you define what a Swing High or Swing Low is?
When you are trading with charts, knowing this basic price pattern comes in very useful in identifying when prices have put in a swing high or swing low.
Together with Support and Resistance levels, candlestick patterns and other technical trading set-ups, identifying swing points help you to get in just as the trend is changing.
Normally used in swing trading to identify reversals, swing points also are useful in selecting where to begin drawing your Fibonacci Retracement or Expansions. Since I’ve already created a lesson page for this as well, you can read more about it here:
Trading With Swing Highs and Swing Lows
Wishing You Good Trading!