Hi everyone
I have come across info on the internet which states that two swing lows can be formed one after the other ( consecutively). I have trouble understanding how a swing low can be formed after another swing low. Is not that a swing low needs a swing high to ‘swing’? below it’s an extract from the web.
You need to more clearly define what is a swing low and what is just a lower low. (for you)
A swing low marks where price changed from falling to rising. A swing low is typically a lower low that followed at least one higher low and which is followed by at least one higher low. Some people insist on two higher lows preceding a swing low, some even insist on three. You need to decide which is best for your strategy.
Of course, when you get a lower low, you don’t at that moment know it is a swing low. At the close of the bar, its just a new lower low. If price forms a higher low, that confirms it was a swing low.
