Swing high refers to the high price within a price movement of a given asset. When the price moves up or down, it does so in waves and the swing high refers to the high price points within those waves, before the price goes back down.
There may be multiple swing highs within an overall upward.
Swing highs can be used as ...
- ... possible levels of and .
- ... a good reference point to set .
The chart below shows the swing highs of the price movement:
number_1 Swing high
number_2 Swing high
number_3 Swing high
To learn more about swing highs and how they help determine market direction, visit: