Definition of a "Swing Trade"...
A "Swing" Trade is defined as a trip from "Gathering Resistance" to "Gathering Support" or vise-versa.
Tuesday's 4-member area of "Gathering Support" (Buy Trigger) is composed of:
1) $38.87 - the previous month's Close
2) $38.82 - the Weekly Pivot
3) $38.75 - the Daily "S2" Pivot Point
4) $38.70 - the "20-Week Moving Average"
These 4 individual aspects of Support going into Tuesday's trade form an area of concentrated Support or "Gathering Support" because each one resides no more than 10 cents from its neighbor:
A "Swing" Trade is defined as a trip from "Gathering Resistance" to "Gathering Support" or vise-versa.
Tuesday's 4-member area of "Gathering Support" (Buy Trigger) is composed of:
1) $38.87 - the previous month's Close
2) $38.82 - the Weekly Pivot
3) $38.75 - the Daily "S2" Pivot Point
4) $38.70 - the "20-Week Moving Average"
These 4 individual aspects of Support going into Tuesday's trade form an area of concentrated Support or "Gathering Support" because each one resides no more than 10 cents from its neighbor:
Buy at Support
Sell at Resistance
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