SWING HIGH - the peak reached by an indicator or a security's price. A swing high forms when the high of a price is greater than a given number of highs positioned it. Series of consecutively higher swing highs indicates that the given security is in an uptrend. A swing high can occur in a range-bound or trending market.
My analysis of EURUSD indicates there were many swing highs during the uptrend and downtrend. during these highs, many short positions would of been taking
SWING LOW - the troughs reached by a security's price or an indicator. A swing low is created when a low is lower than any other surrounding prices. Successively lower swing lows indicate that they underlying security is in a downtrend, while higher lows signal an uptrend.
There are multiple swing lows in the downtrend indicated on the chart which indicates that a market bottom was in place as the downtrend was prolonged.
4 STAGES OF THE MARKETS
MARKETS ARE ALWAYS CHANGING. IT MOVES FROM A PERIOD OF TREND TO RANGE, AND RANGE TO TREND.
STAGE 1 - ACCUMULATION PHASE
Occurs after a fall in prices, looks like a consolidation period, during a downtrend.
STAGE 2 - ADVANCING PHASE
After a price breaks out of the accumulation phase, it goes into an advancing phase, during an uptrend.
Price forms a series of higher highs and lows.
STAGE 3 - DISTRIBUTION PHASE
Occurs after a rise in prices over last 6 months or more
STAGE 4 - DECLINING PHASE
Occurs after price breaks down as a result of the distribution phase, it goes into a declining phase (DOWNTREND) ,consists of series of lower highs and lows when prices are formed
My analysis of EURUSD indicates there were many swing highs during the uptrend and downtrend. during these highs, many short positions would of been taking
SWING LOW - the troughs reached by a security's price or an indicator. A swing low is created when a low is lower than any other surrounding prices. Successively lower swing lows indicate that they underlying security is in a downtrend, while higher lows signal an uptrend.
There are multiple swing lows in the downtrend indicated on the chart which indicates that a market bottom was in place as the downtrend was prolonged.
4 STAGES OF THE MARKETS
MARKETS ARE ALWAYS CHANGING. IT MOVES FROM A PERIOD OF TREND TO RANGE, AND RANGE TO TREND.
STAGE 1 - ACCUMULATION PHASE
Occurs after a fall in prices, looks like a consolidation period, during a downtrend.
STAGE 2 - ADVANCING PHASE
After a price breaks out of the accumulation phase, it goes into an advancing phase, during an uptrend.
Price forms a series of higher highs and lows.
STAGE 3 - DISTRIBUTION PHASE
Occurs after a rise in prices over last 6 months or more
STAGE 4 - DECLINING PHASE
Occurs after price breaks down as a result of the distribution phase, it goes into a declining phase (DOWNTREND) ,consists of series of lower highs and lows when prices are formed