Short Term Swing Point Identification

2월 4일

Using BTC Daily Chart for illustration purpose:

Swing High - 1. Look for the most recent HIGHEST UP CLOSE candle
2. When this candle LOW violated with Down Close Candle (can be wick through)
3. The highest point between the UP CLOSE candle and the later candle that violate the UP CLOSE Candle's Low is the Short Term Swing High

Swing Low - 1. Look for the most recent LOWEST DOWN CLOSE candle
2. When this candle High violated with Up Close Candle (can be wick through)
3. The Lowest point between the DOWN CLOSE candle and the later candle that violate the DOWN CLOSE Candle's High is the Short Term Swing Low

This is one of the most important foundational concept to understand price acti