Pivots or Swing Highs and Lows- I
מעודכן
Pivots are essential in many forms of TA- including the TA i mainly use which is Action-Reaction aka pitchforks
Pivots may also be termed swing highs or lows
Pivots and swing highs/lows may be harder to define than one first imagines
I would define a pivot or swing as follows:
A focus of Price Action (PA) which becomes a reversal point
This is important because either a V shape or inverse V in PA does not equate with a pivot/swing
An acute angle in price may become a pivot or swing in hindsight IF it breaks the trend which price was previously moving along
G.R.I. Dec '21
KEY
P1 pivot one - price in uptrend along blue diagonal
P2- becomes a swing high WHEN blue diagonal is broken to the downside
P3- becomes a swing low WHEN yellow diagonal is broken to the upside
P4- becomes a swing high WHEN green diagonal is broken to the downside
P5- becomes a swing low WHEN pink diagonal is broken to the upside
P6- becomes a swing high WHEN purple diagonal is broken to the downside
P7- becomes a swing low WHEN green diagonal is broken to the upside
Pivots may also be termed swing highs or lows
Pivots and swing highs/lows may be harder to define than one first imagines
I would define a pivot or swing as follows:
A focus of Price Action (PA) which becomes a reversal point
This is important because either a V shape or inverse V in PA does not equate with a pivot/swing
An acute angle in price may become a pivot or swing in hindsight IF it breaks the trend which price was previously moving along
G.R.I. Dec '21
KEY
P1 pivot one - price in uptrend along blue diagonal
P2- becomes a swing high WHEN blue diagonal is broken to the downside
P3- becomes a swing low WHEN yellow diagonal is broken to the upside
P4- becomes a swing high WHEN green diagonal is broken to the downside
P5- becomes a swing low WHEN pink diagonal is broken to the upside
P6- becomes a swing high WHEN purple diagonal is broken to the downside
P7- becomes a swing low WHEN green diagonal is broken to the upside
הערה
should have added we focus on the highest highs and lowest lows as potential pivots
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.