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Break of Structure

Break of StructureLeçon 5 sur 75 min de lecture

Which swing counts

A chart is full of swing points and only the newest one on your side is the level, and inside a range there is no level at all.

There are dozens of swing highs and swing lows on any chart. One of them is the level you watch.

Only the most recent one

In an uptrend the level is the newest swing low. Older lows are history, however good they look.

Figure 1 · An uptrend with two swing lows at 2,396 and 2,420, the older one greyed out and the recent one marked as the level, with a candle closing at 2,415 breaking it

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