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Definition of 'Swing High'
A term used in technical analysis that refers to the peak reached by an indicator or an asset's price. A swing high is formed when the high of a price is greater than a given number of highs positioned around it. A series of consecutively higher swing highs indicates that the given asset is in an uptrend.
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Investopedia explains 'Swing High'
Swing highs can be used by traders to identify possible areas of support and resistance, which can then be used to determine optimal positions for stop-loss orders. If an indicator fails to create a new swing high while the price of the security does reach a new high, there is a divergence between price and indicator, which could be a signal that the trend is reversing.
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Prices never move in straight lines, so it's time to learn about this powerful trend-following technique.
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Understanding this key concept can drastically improve your short-term investing strategy.
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Comparing price swings helps traders gain insight into price momentum.
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This style, between day trading and trend trading, may be a good one for beginners to try.
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