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Basic to Advanced Price Action Lessons

Standard Swing High And Swing Low

Swing High and Swing Low:If we look at one single wave of price, also known as a SWING, it is made of two turning points. The price that is going up reach its highest level at a PEAK, before reversing down.

Non - Standard and Complex Non - Standard Swing High and Swing Low

The non-standard swing low is formed when the Low of four candles are higher than the Low of zero Trough candle, but not in a sequential order.The price that is going down reach its lowest level at a TROUGH, before reversing up.

What Is Range Trading?

We define Range as the distance a price has traveled between the nearest Swing Low and Swing High.This will be vice versa in a downward price movement between a Swing High and Swing Low.

Dynamic Support & Dynamic Resistance

A support area is formed when the price reaches close to the previous swing low areas, where it faces serious buying pressure from the majority of market participants.

Dynamic Channel

These two lines of Dynamic support and dynamic resistance combined, form a dynamic channel.

Trending Patterns and Relationship Between Pattern and Range

When Dynamic support and Resistance move in the same direction, we categorize them under Trend patterns.

Sideway Channel Breakout

If the price breaks the dynamic support of the current sideways pattern, look for the new Swing lows and update the dynamic channel. The new pattern could show the same Swing highs, but a lower swing low. Which is still another Sideways pattern.

Trend Channel Breakout

When you update the dynamic channel in a downtrend pattern and see the price breaks the dynamic support line, you often see that the new pattern has lower Swing Lows and lower Swing Highs, Which indicates the continuation of the downtrend pattern.

Momentum Range Analysis

In the Momentum Range Analysis of an established uptrend, Compare the last two Upward Range Lines. No change in Range means the strength of the trend is constant.Again Compare the last two Upward Range Lines.

Momentum Slope Analysis

In the Momentum slope Analysis of an established downtrend, Compare the slope of the last two dynamic resistance lines. No change in slope means the strength of the trend is constant. Again Compare the slope of the last two dynamic resistance lines.