FX:USDCAD: Identifying swing waves. A swing wave is a low or high on a chart where price reverses trend. Stacking the zone; F.S.Z. Fib support zone- is a cluster or coincidence of at least 2 Fib levels that will offer support in a falling market and F.R.Z.- Fib resistance zone - is a cluster or coincidence of at least 2 Fib levels that will offer resistance in a rising market. Major s.w.s. is represented on my chart by the blue Fibonacci, the Minor s.w.s is represented by the pink Fibonacci and the green triangle on my chart is represented by or to indicate where areas of resistance of a major uptrend maybe completed or to establish the end of a correction and to possibly establish a long trade with the expectation that the prior trade will resume and or for us to take a short position to take advantage of the next down trend.