Swings Trading Price Action Trading 240 WMA red and above the market, lower low and lower high completed, first red bar / yellow arrow/ Swings ( waves ) are PA formations, described as an impulse, followed by a correction, during trends and counter trends. Every trend have ups and downs (swings ).
Best way to see the swings, is to draw them manually, connecting with lines the Higher Highs and the Lower Lows.
Now all we have to do is to mark the swings:
HH = Higher High
LL = Lower Low
LH = Lower High
HL = Higher Low
And for a DOWN Trend ( bearish ) we will have swings: